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Bitcoin (BTC) ate away at the prior day’s gains on July 27 as United States macroeconomic data produced a muted reaction.BTC/USD 1-hour chart. Source: TradingViewAnalyst warns of BTC price dipData from Cointelegraph Markets Pro and TradingView showed BTC price strength waning after a brief push to $29,680 into the daily
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The U.S. Federal Reserve denies that its new instant payments service, FedNow, is in any way tied to the digital asset space. But experts say the new system could lay the groundwork for the infrastructure needed for a potential central bank digital currency (CBDC) in the U.S. And so this
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U.S dollar index's fate impacts global liquidity conditions, which, in turn, influences risk assets, including cryptocurrencies. Source
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The United States dollar’s place as a global reserve currency will be under threat if Congress isn’t quick to regulate stablecoins, warns the CEO of Circle.On July 13, Jeremy Allaire appeared in a two-minute video by Circle, the issuer of USD Coin (USDC), targeted at lawmakers.It comes as bipartisan digital
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Bitcoin (BTC) may see a “parabolic curve” begin thanks to U.S. dollar weakness as the greenback falls to three-month lows.In a tweet on July 11, popular trader Moustache suggested that the time is right for BTC price history to repeat itself.DXY "most important chart" for Bitcoin this yearBitcoin’s formerly strong
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Ripple Labs, a technology company building financial products, including the XRP Ledger (XRPL), on the Ripple Protocol Consensus Algorithm (RPCA), plans to transform the real estate industry through tokenization. XRP, one of the most liquid
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It’s all part of Pozsar’s “Bretton Woods III” vision, where the dollar ultimately loses its hegemonic status over the next decade. Importantly, he sees a different outcome from that of the British pound’s loss of reserve status in the early 20th century, when the U.S. dollar simply supplanted it. Instead,
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There is a common belief that when the U.S. dollar declines relative to other main global currencies, as measured by the Dollar Strength Index (DXY), the impact on Bitcoin (BTC) is positive, and vice versa.For instance, the DXY index dropped from 103.0 on Jan. 2017 to a 92.6 low on
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The move could redefine baseline interest rates in the DeFi space, spurring higher stablecoin lending rates and making leverage more expensive, one analyst noted. Original Source
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Most analysts and traders expect the Federal Open Market Committee (FOMC) to vote for holding the rates as they are. The prices of gold moved up on Wednesday as the dollar weakened while the world awaits a decision from the Fed. The slowing US inflation solidified assumptions that the Fed would
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