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Bitcoin (BTC) lingered lower on Nov. 3 as the aftermath of the Federal Reserve interest rate hike subsided.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTrading range forms with $20,000 at centerData from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering just above $20,000 on the day.The pair had seen flash volatility
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Larry Summers Warns Dollar Reversal Could Bring Inflationary Pressure, Posing Challenge for Fed, Bitcoin Original Source
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Tron founder Justin Sun has taken up a senior role at Huobi in recent weeks and one of the immediate changes he is making is shifting volume to his own stablecoin, USDD. Whilst Huobi didn't issue HUSD, it was active in marketing the token since its launch in 2018. Source
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Economists have weighed in on reports that China and Russia may be developing a new gold-backed currency that could undermine the U.S. dollar’s status as the world’s primary reserve currency. Russia and China May Be Developing Gold-Backed Currency Several experts have shared their views on Russia and China potentially creating a new
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The Chinese yuan’s offshore exchange rate against the U.S. dollar fell to a new all-time low of 7.33:1 just over a day after the conclusion of the Chinese Communist Party’s congress which gave President Xi Jinping the mandate to lead the country for the third time. Concerns over Xi’s unprecedented
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Bitcoin (BTC) returned to local highs at the Oct. 25 Wall Street open as nervous analysts kept an eye on miners.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewDXY provides instant relief for BTCData from Cointelegraph Markets Pro and TradingView showed BTC/USD rising to offer a modest challenge to resistance, still unable
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As Ghana waits for a financial bailout from the International Monetary Fund (IMF), the country’s currency continued its slide versus the dollar after the respective currencies’ exchange rate slipped to just under C15:$1. Following this latest plunge, the cedi has now depreciated by more than 55% in 2022 and this
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Bitcoin’s volatility has fallen below that of the Nasdaq and the S&P 500, according to crypto data provider Kaiko. Compared to equity markets, cryptocurrency markets have become less reactive to volatile macro events, including high inflation, an appreciating dollar, rising interest rates, ongoing war, and the energy crisis, the firm
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Trivedi does offer some hope for dollar bears (and bitcoin bulls), suggesting it's possible the European economy strengthens from here, new leadership at the Bank of Japan (BOJ) could be more hawkish, and China may back off its zero-Covid policies – all of which might tend to put pressure on
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Coincidentally, bitcoin's previous bull markets have peaked in December, paving the way for a price crash in the first quarter. And while the 2018 bear market ran out of steam in the last month of that year, bulls remained on the fence in the first three months of 2019 –
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