Senator Cynthia Lummis said that inflation and massive government spending is accelerating the adoption of digital assets.
A dollar is the national monetary unit of the USA, along with some other countries, and the most common types of dollar are the US dollar, the Canadian dollar, the Australian dollar, etc. Most affairs are made with the use of USD and, besides that, after World War II, the US dollar has become the world’s primary reserve currency or worldwide currency. In 1971, the cancellation of the direct convertibility of the United States Dollar to gold was ordered by President Richard Nixon. In some countries the dollar has the status of being the de facto currency which allows using it instead of the official one. The right of issuing the US dollars belongs to the Federal Reserve System and all dollar bills that have been issued since 1861 are still legal.
Cointelegraph traveled to El Salvador to investigate whether citizens believe its new Bitcoin Law will be beneficial to the nation's economy.6831
A surge toward $40,000 brings hope to those who have endured months of bearish drawdowns, but is it enough to continue the bull market?26276
BTC price inched toward 2020's support with traders expecting more gains if a breakout occurs.16934
Bitcoin bulls appear to be back, but a strengthening U.S. dollar, a new wave of COVID-19 infections and low trading volumes threaten the current recovery.31292
Bitcoin and Ethereum have been majorly trading in sync since 2018, increasing risk exposure of crypto-only investment portfolios.55138
Bitcoin's drop below $30,000 has sparked worries that it is heading to $20,000 next, but is such a massive drop feasible against the backdrop of current macro fundamentals?11818
Bitcoin price struggles to gain momentum as historically low spot volumes and a strengthening dollar result in widespread indecision from most traders.12564
The latest meltdown in BitFinex BTC shorts could follow up with a spike in spot Bitcoin bids, stated one analyst.31262
A strengthening dollar could be negative for pretty much every risk asset on board, including Bitcoin, whose value boomed against the dwindling greenback after March 2020.14954
The MicroStrategy boss thinks Bitcoin is a form of property and points out that the U.S. government is not threatened by other forms of property.23041
According to Jeffrey Gundlach, the trading pattern for Bitcoin may suggest a price drop below $30,000.11828
The latest price declines came after the U.S. inflation rose to a 30-year high in June.13763
Bitcoin moved inversely to the dollar at the beginning of this week as traders awaited the June CPI report due Tuesday.6776
The crypto market may be down from its all-time highs, but dollar-cost averaging is still the best way to build long-term profits.15593