Bitcoin (BTC) underwent a weak rebound on Sept. 21, and the U.S. dollar jumped to a new yearly high as investors await Sept. 21’s Federal Open Market Committee’s interest rate decision. BT...
Tag: Dollar
As Biden Drains the SPR Down to 1984 Levels, Chinese State Media Claims US Dollar ‘Is Once Again the World’s Problem’ – Economics Bitcoin News
Two days ago, U.S. president Joe Biden was criticized for claiming inflation in America hasn’t increased during the past few months. “I’m telling the American people that we’re going to get control of...
Trading App Giant Robinhood Adds Stablecoin US Dollar Coin (USDC) to Roster
Retail trading giant Robinhood just added top stablecoin USD Coin (USDC) to its list of supported digital assets as the platform sees reduced trading activities due to the crypto winter. In a new anno...
Digital Dollar Likely Won’t Be Part of Retail Banking World, US Lawmaker Says
I sometimes joke, this is a really interesting and important space, but it was introduced to the Congress in just about the most catastrophic way possible. And, of course, I’m referring to the h...
Dollar Hits 20-Year High After Russia Mobilizes More Troops
Text size Russian President Vladimir Putin accused the West of nuclear blackmail against Russia. Alexei Druzhinin/SPUTNIK/AFP/Getty Images The U.S. dollar rose to 20-year highs early Wednesday after R...
Chinese Currency Breaches 7:1 Exchange Rate Against US Dollar for First Time in Two Years – Economics Bitcoin News
The offshore exchange rate of China’s fiat currency versus the U.S. dollar recently breached the 7:1 mark for the first time in over two years, after it touched a new 2022 low of 7.0188 yuan for every...
Why The Surging Dollar Is Hurting Stocks And More
The dollar is rising against other currencies to levels not seen in decades, hurting other countries and the U.S. This episode of What’s Ahead lays out why the greenback is rocketing and why that’s a ...
No parity between the Dollar and the Euro
Both in terms of absolute value and as a store of value, the Dollar is clearly above the Euro, and despite today’s recovery that re-established parity in terms of value, the trend according to analyst...
Pundit Predicts Strong Recovery For Bitcoin As The Fed Pumps Brakes On The Dollar ⋆ ZyCrypto
Advertisement     After plummeting for nearly a year, Bitcoin could soon find a bottom as the Fed turns its attention to suppressing the dollar’s ascent. Speaking to S...
British Pound Is at Its Lowest Level against US Dollar since 1985
The escalating inflation, currently at the highest level among all G-7 nations, the impending recession, and concerns about tax cuts has been the driving factors pushing the Sterling down the slope. O...
U.S. Treasury recommends exploring creation of a digital dollar
The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar, saying it would help reinforce the U.S. role as a leader in the world fin...
How China’s reacting to falling yuan, rising US dollar — Quartz
The Chinese yuan has slumped sharply against the US dollar this year, and is sliding towards what many analysts deem the psychologically important seven-dollar mark. Although Chinese officials are act...
New Terra Classic Update Reveals Bold Plan To Regain USTC Dollar Peg, And Bring Utility To LUNC
– Advertisement – Terra Classic community is yet to give up on the USTC dollar peg. In a medium post, Terra Classic community members Edward Kim and Alex Forshaw offer a rough roadmap of...
Scared of the latest inflation report? It’s time to sell the US dollar
Yesterday’s hotter-than-expected inflation report in the United States triggered a massive move higher in the US dollar. Also, stocks dived as Wall Street posted the biggest one-day percentage drop in...
US dollar index (DXY) forecast ahead of retail sales and inflation data
The US dollar index has retreated sharply in the past few days as investors focus on the upcoming US inflation and retail sales data. It has fallen in the past five straight days and moved to the lowe...
Multi-billion dollar asset manager Stone Ridge files to liquidate bitcoin strategy fund
Stone Ridge Asset Management LLC filed a liquidation and dissolution plan for its bitcoin strategy fund with the Securities and Exchange Commission (SEC) on Monday. Per the filing, the liquidation of ...
Stocks, US Futures Extend Rally as Dollar Tumbles: Markets Wrap
(Bloomberg) — European stocks and US futures extended a rally and the dollar retreated as traders bet inflation is near peaking even as policy makers ramp up hawkish rhetoric. Most Read from Blo...
White House Inks Strategy To Grow Trillion Dollar US Bioeconomy
White House Inks Strategy to Grow Trillion Dollar US Bioeconomy Dall-e x John Cumbers The US bioeconomy is booming. Valued at nearly one trillion dollars and predicted to grow globally to over $30 tri...
Summers Says Dollar Can Go Further, With ‘Huge Advantage’ for US
(Bloomberg) — Former Treasury Secretary Lawrence Summers said that the dollar has further scope for appreciation given an array of fundamentals behind it, and expressed skepticism about the effe...
The US dollar is decimating world currencies — Quartz
Americans traveling outside the US will find that they are about 14% richer than they were at the beginning of the year. That’s because the dollar has risen that much against some of the world’s most ...
A surging U.S. dollar is already sending ‘danger signals,’ economists warn
The Federal Reserve’s aggressive efforts to wring out inflation have sent the U.S. dollar soaring to historic highs — further aiding the effort to get price pressures under control. Beware, however, t...
Pound Recovers after Fall against US Dollar following News of Queen Elizabeth’s Death
It is still unclear how the news will affect the biggest coins on the crypto scene due to the current uncertainty in the finance world. The British pound bounced back after falling against the US dol...
Bitcoin squeezes past $20K on US dollar dip as BTC price gains 8.7%
Bitcoin (BTC) bounced past $20,000 on Sept. 9 as a much-anticipated “short squeeze” took hold. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: BTC could go to $25,000 Data from Coi...
Bitcoin Price Skyrockets As Dollar Retreats, Will The Fed Ruin The Rally
Bitcoin price has increased by close to 9% in the last few hours as the broader crypto market recovers. It has crossed the $21K mark again and is currently still going strong. Its price increased by c...
LUNA 2.0 Token Jumps 200% Higher Against the US Dollar in 24 Hours – Market Updates Bitcoin News
Jamie Redman Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a ...
Digital Dollar CBDC: GOP Committee Calls on Fed Vice Chair for Answers
Republicans on the House Financial Services Committee, led by Patrick McHenry, wrote to Federal Reserve board vice chair Lael Brainard, to clarify the regulator’s stance on a central bank digital curr...
Bitcoin reclaims $21K as US dollar corrects: What analysts are saying about BTC
Bitcoin has broken above the $21,000 mark in intraday trading Friday, putting up a bear market rally as a recently hot US dollar cools some of its momentum. The weakening dollar index has seen a bump ...
US Treasury to Recommend Issuing Digital Dollar if in National Interest: Source
“Unlike private digital assets, a CBDC issued by the Federal Reserve would be backed by the full faith and credit of the U.S. government, like the dollar bills in our wallets,” said Rep. Maxine Waters...
Euro Gains Value on US Dollar Ahead of the ECB
The financial market recently witnessed the euro gaining value on the US dollar. A major reason behind the movement came after the ECB (European Central Bank) meeting about the euro’s GDP figures. The...
House Republicans press Fed on digital dollar
Republicans on the House Financial Services Committee want more information from the Federal Reserve System on a potential US Central Bank Digital Currency, ahead of a deadline set by President Joe Bi...