Shiba Inu's massive gains all across October may pare on potential bearish divergence signals and an overvalued relative strength index.
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.
ADA price has been struggling against the U.S. dollar in October.70834
The U.S. dollar index reached its lowest levels in three weeks on Oct. 19, triggering a rising wedge pattern.5367
Last week, the Russian president said it was “a bit early” to use cryptocurrencies to settle oil trades.18171
The Russian president has not excluded the possibility that, at some point, crypto will become a “means of accumulation.”5342
Rising jobless claims in the U.S. sparked sell-offs in the dollar market. On the other hand, Bitcoin held onto its intraday gains.29099
Fed Chair Jerome Powell says there is no pressure to rush any central bank digital currency development plans.2900
Bitcoin has been leaving Coinbase’s wallets in 2021, while BTC exchange reserves on Binance tell a different story.16802
Rushing to the so-called safe-haven cryptocurrency appears despite concerns that the Federal Reserve could taper its $120-billion-a-month asset-purchasing program.17938
The Salvadoran government has installed over 200 ATMs in September after adopting Bitcoin as a legal tender.13122
The Nasdaq-listed company recently announced it added another 5,050 Bitcoin to its coffers for about $242.9 million.10046
The Omega Advisors chairman and CEO said people should be careful about Bitcoin, and suggested gold as a better store of value.13446
In our latest video report, Cointelegraph addresses the systemic risk posed by stablecoins.6976
The sell-off in the Bitcoin market, in particular, intensified due to excessively leveraged bullish bets.14058
Da Vinci’s artwork has received the highest bid at 150,500 BUSD in the Hermitage’s first NFT auction on Binance.6485