Price Analysis
Bitcoin continues to face selling near $120,000, but the bulls have kept up the pressure, increasing the likelihood of an upside breakout.
10242
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.
- News
The decline of the US dollar and the loss of purchasing power due to fiat currency inflation will drive global demand for Bitcoin.
16758 - Market Update
Rising US inflation tempers investors’ interest rate cut hopes, leaving Bitcoin at a critical juncture below $120,000.
3039 - Price Analysis
Bitcoin holds above $120,000 as corporate crypto treasury building and robust spot BTC ETF buying continue to support the new price range.
18933 - Explained
By securing a national trust charter, USDC’s issuer, Circle, plans to directly manage its $62-bilion reserves.
- Market Analysis
As Bitcoin price hits new highs and altcoins soar, traders are curious to know if a new super cycle has begun.
8486 - Markets News
Bitcoin maintaining its inverse correlation to the US dollar means big wins on the horizon as the dollar strength DXY index trails below key moving averages.
5775 - Price Analysis
Bitcoin failed to overcome resistance at $110,500, but charts suggest bulls will continue buying dips in BTC and altcoins.
11474 - News
JD.com and Ant Group are reportedly lobbying Chinese regulators to launch yuan-based stablecoins to boost the currency’s global role and counter US dollar-pegged tokens.
8637 - Market Analysis
Traders say Bitcoin will benefit from the proposed $5 trillion increase to the US debt ceiling, but data could suggest otherwise.
10996 - Market Analysis
Bitcoin's bullish outlook strengthens as the US dollar drops 10.8% in its worst H1 performance since 1973.
17805 - Market Analysis
Bitcoin could break past $110,000 as inflation pressures mount, equities rally, and passive capital flows grow on potential S&P 500 rebalancing events.
6667 - Price Analysis
Bitcoin continues to face sellers at $109,000 even as most traders anticipate all-time highs and select altcoins rally at the start of the week.
6414 - News
Trump praised Bitcoin and cryptocurrencies in a Friday press conference and said Bitcoin may help relieve pressure on the US dollar.
15052 - Market Analysis
Trump’s early Fed replacement plans rattled markets, accelerating dollar losses and sending DXY to its lowest level since April 2022.
6125