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.

Altcoin Watch
Increased activity in Solana’s NFT markets and decentralized applications are pushing SOL price back toward year-to-date highs.
Why is Solana (SOL) price up this week?
Marcel Pechman
Price Analysis
Bitcoin is witnessing profit-booking near $38,000, but the correction is likely to be shallow as lower levels are likely to attract buyers.
Price analysis 11/27: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK
Rakesh Upadhyay
Price Analysis
The weakness in the U.S. Dollar Index suggests that risky assets such as Bitcoin and the S&P 500 Index may remain in favor of the buyers.
Price analysis 11/20: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK
Rakesh Upadhyay
Altcoin Watch
A BlackRock ETF rumor prompted a big pump-and-dump in the XRP market, which may result in a 20% correction over the next few weeks.
Why is XRP price down today?
Yashu Gola
Market Update
Bitcoin remains prone to volatility, while further downside offers the “path of least resistance” for BTC price next, analysis warns.
BTC price dips 4% as Bitcoin analysis reveals low liquidity above $33K
William Suberg
Follow up
Tether’s USDT added at least $20 billion to its market capitalization in 2023, while rival stablecoin USDC lost the same amount so far this year.
Tether credits USDT growth surge to ETF excitement, emerging markets
Helen Partz
Price Analysis
Bitcoin opened the week with a shallow correction, but altcoin traders seem unaffected by the slight BTC price pullback.
Price analysis 11/13: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK
Rakesh Upadhyay
Tether has minted 4 billion USDT over the past month, which accounts for nearly 18% of all USDT issued so far in 2023.
Stablecoin firm Tether minted 4B USDT in 4 weeks: Data
Helen Partz

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