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Analysts Fear a Strong US Dollar Will Dampen Bitcoin’s Bullish Momentum

On Aug 21, Bitcoin (BTC) price declined by more than 3% from around $11,880 to $11,511 on Coinbase. Coincidentally, the U.S. Dollar Index (DXY) started to rebound from its 4-month downturn.BTC/USD daily chart. Source: TradingView.comAs the dollar increased by 1.3% from $92.28 to $93.20, Bitcoin, major cryptocurrencies, and gold fell

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Digital Yuan CBDC Momentum Grows as More Chinese Firms Get to Testing

Despite the global economic crisis and the consequences of the coronavirus pandemic, the development of the Chinese national cryptocurrency, the Digital Currency Electronic Payment, is steadily progressing. The increase in the number of large companies joining the digital yuan initiative as partners in testing and implementing the technology is clear

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Cardano Gains Momentum as Ethereum 2.0 Release Continues to Stall

Ethereum co-founder, Vitalik Buterin, recently appeared on the Hashing It Out podcast to discuss the latest developments with Ethereum.Hosts Corey Petty and Dean Eigenmann quizzed Buterin on his regrets over Ethereum’s initial launch, and how ETH2.0 will gear towards addressing those concerns.With that, Buterin acknowledged that, when designing Ethereum, many

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Key Indicator Says Bitcoin’s Momentum Is Weakening: Where Will BTC Head?

Bitcoin has been stuck in the $9,000s for the past two months, trading between $8,500 and $10,000 for weeks on end.While the cryptocurrency has maintained the $8,500 support level on multiple occasions, a key indicator shows that the bullish momentum is weakening.Related Reading: Crypto Tidbits: BTC At $9k, Grayscale Ethereum

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