Price Analysis
Bitcoin continues to be bought at each dip, but overcoming a critical overhead resistance could determine the next steps for many altcoins.
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Dollar News
The dollar is the national currency of the United States and some other countries. Some of the most common currencies using the dollar moniker are the U.S. dollar, the Canadian dollar and the Australian dollar. Since World War II, it has been the world’s primary reserve currency. In 1971, U.S. President Richard Nixon depegged the dollar from gold, making it a fiat currency. Dollarization in other countries allows citizens to use it unofficially.
In contrast, Bitcoin, a decentralized digital currency, challenges the dollar’s hegemony. Discussions on de-dollarization arise as countries seek to diversify financial systems, reducing reliance on the dollar. This shift raises questions about the dollar’s long-term status and prompts reevaluations of global economic strategies.
The Federal Reserve System holds the authority to issue U.S. dollars, and all dollar bills issued since 1861 remain legal tender. The dynamic interplay between the dollar, Bitcoin and de-dollarization underscores the evolving landscape of global finance.
- Newsletter
Lessons from hyperinflation lead more people to Bitcoin, according to Ledn co-founder Mauricio di Bartolomeo.
4840 - News
The GENIUS Act would legitimize stablecoins for institutional adoption and set a precedent for other global jurisdictions, according to the managing partner of DWF Labs.
4110 - Price Analysis
Bitcoin’s quick recovery from its Asia-trading session trade-off shows bulls are viewing every dip as a buying opportunity as BTC approaches new all-time highs.
8026 - Market Update
Bitcoin’s sharp sell-off from $107,000 was the result of profit taking, not contagion from Moody’s recent downgrade of US debt.
1994 - Price Analysis
Bitcoin is witnessing profit booking near its all-time high, but it is likely to find solid support at $100,000. Will altcoins follow?
11166 - Market Analysis
Bitcoin price takes an unexpected turn to the downside even as stocks soar following the US-China trade deal announcement.
16106 - News
The constructive tone of tariff negotiations removes the risks of “sudden re-escalation,” potentially paving the way for risk assets to surpass their January peaks, analysts said.
5483 - Market Analysis
Bitcoin price closely tracks global liquidity, but with tightening credit and rising volatility, its cycle may be nearing a turning point.
7989 - Market Analysis
One analyst says a weak US dollar is part of a plan to fix the US financial system. Will Bitcoin benefit from a weaker DXY?
2558 - News
Donald Trump-backed USD1 stablecoin saw its market cap rise from $128 million to above $2 billion days before MGX’s $2 billion investment announcement by Eric Trump.
3414 - Market Analysis
Bitcoin rallied back above $95,000, and the gains could continue even after this week’s FOMC.
7808 - Altcoin Watch
XRP price is down 3% on May 6, but a rebound above $2.27 could invalidate the bearish thesis and put it back on track toward the important $3 level.
1372 - Price Analysis
Steady purchasing demand at Bitcoin’s lower support levels is keeping the pressure on the $95,000 BTC resistance zone.
8734 - News
Abu Dhabi’s MGX will use a Trump-affiliated stablecoin to settle a $2 billion investment into Binance in one of Web3’s largest funding deals.
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