Venture capitalist Tim Draper is confident Bitcoin (BTC) will achieve mass adoption despite the recent crypto bear market. In a new interview, Draper says the general public will start using Bitcoin i...
Tag: Dollar
Federal Reserve Conference Casts Doubt over Digital Dollar Project
Panelists at the Federal Reserve’s first conference on the international role of the dollar, are not impressed with the prospect of a US Central Bank Digital Currency (CBDC). According to a repo...
Euro Underperforming against Dollar as Recession Fears Loom
The Eurozone’s inflation data came in at 8.6% in June, a figure that has prompted the European Central Bank (ECB) to give advance notice to market stakeholders of its intentions to hike interest rates...
Euro Tumbles to 20-Year Low, Putting Parity With Dollar in Sight
(Bloomberg) — The euro slid to the lowest level against the US dollar in two decades as investors grappled with the prospect of an energy crisis that risks tipping the region into a recession. M...
Bitcoin faces fresh pressure as US dollar crushes gold, risk assets
Bitcoin (BTC) hit daily lows on the July 5 Wall Street open as the U.S. dollar saw a violent surge higher. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView USD sets yet another 20-year rec...
Courtney Garcia: this stock stands to benefit from strong U.S. dollar
The U.S. dollar index is keeping near its highest level since 2002 and there sure are stocks that stand to benefit from that, says Courtney Garcia. She’s a Senior Wealth Advisor at Payne Capital...
Euro Drops to 20-Year Low Against the US Dollar, Tapping $1.028 per Unit — Analyst Says Parity Is Imminent – Economics Bitcoin News
The euro has had a sluggish start to the second half of 2022 as the fiat currency slid to a 20-year low against the U.S. dollar. The drop adds to the fear that the global economy is in a recession and...
Crypto Analyst Says Surging US Dollar To Come Down Hard on Bitcoin (BTC), Ethereum (ETH) and Stock Market
A popular crypto analyst warns the strength of the US Dollar Index (DXY) spells bad news for both digital assets and the stock market. Crypto trader Justin Bennett tells his 101,900 Twitter followers ...
Zimbabwe Sells Gold Coins to Ease US Dollar in High Demand
(Bloomberg) — Zimbabwe’s central bank plans to sell gold coins to the public from July 25 as a store of value to stabilize the nation’s tumbling currency and offer an alternative to the US dolla...
Dow Falls 700 Points As Euro Sinks To 20-Year Low Against The Dollar With Global Recession Fears ‘Front And Center’
Topline The stock market fell on Tuesday, adding to recent losses as investors returning from the holiday weekend face renewed fears of a looming recession, while shares of Tesla slumped after the ele...
Is it safe to sell the euro after hitting a 20-year low against the US dollar?
The US dollar flexes its muscles in the first trading week of July as it gains against all its peers. However, one currency pair, in particular, looks extremely weak – the EUR/USD. All eyes are on the...
USD/CAD Price Prediction – Canadian Dollar Moves Higher Against U.S. Dollar
Key Insights U.S. Dollar is losing some ground against Canadian dollar. This week, traders will focus on ADP Employment Change and Non Farm Payrolls reports from the U.S. In case USD/CAD manages to ...
3AC Is Broke. What’s Next for Its Multi-Million Dollar NFT Collection?
Key Takeaways The contagion from Three Arrows Capital’s ongoing liquidation could spread to its associated NFT fund, Starry Night Capital. Starry Night Capital was founded in August 2021 and sou...
eToro Aiming For A Billion Dollar Funding Called-Off SPAC Merger
A year ago, eToro announced its plan to go public on Wallstreet. This was, at the time, expected to be done through the SPAC partnership. In January, Fintech Acquisition Corp V told everyone tha...
U.S. Dollar Is Breaking Out, Here’s How It Affects Bitcoin and Cryptocurrencies
Arman Shirinyan Veteran trader highlights important movement of financial market that may affect cryptocurrencies Contents Unpleasant correlation Fed’s hawkishness taking shape Veteran trader Pe...
Bitcoin’s inverse correlation with US dollar hits 17-month highs — what’s next for BTC?
Bitcoin (BTC) has been moving in the opposite direction of the U.S. dollar since the beginning of 2022 — and now that inverse relationship is more extreme than ever. Bitcoin and the dollar go in oppos...
Chinese Developer Shimao Fails to Pay $1 Billion Dollar Bond
(Bloomberg) — Chinese developer Shimao Group Holdings Ltd. said it didn’t pay a $1 billion dollar note that matured Sunday, adding to a record year of offshore-bond delinquencies in the sector. ...
Should you buy or sell the Australian dollar ahead of the RBA monetary policy decision?
The month ahead is full of important economic events and central banks’ monetary policy decisions that will move financial markets. One is the Reserve Bank of Australia (RBA) decision due on Tuesday, ...
USD/CAD Price Forecast – Canadian Dollar Is Losing Ground
Key Insights Euro Area inflation reports boosted demand for safe-haven assets, which was bullish for the U.S. dollar. Meanwhile, the rebound in the oil markets provided some support to the Canadian d...
Pennies On The Dollar: FTX Closes In On Deal To Purchase BlockFi For Just $25M
Sam Bankman-Fried led FTX is reportedly closing in on a deal to purchase BlockFi in a deal being valued at around $25 million. The deal comes after FTX reportedly gave BlockFi an emergency $250 millio...
Notre Dame Could Follow USC, UCLA And Dollar Signs To Big Ten
SOUTH BEND, IN – APRIL 23: Notre Dame Fighting Irish head coach Marcus Freeman points down field … [+] during the Notre Dame Blue-Gold Spring Football Game on April 23, 2022 at Notre Dame ...
AUD/USD Price Forecast – The Australian Dollar Continues to Attempt a Bounce
Australian Dollar vs US Dollar Technical Analysis The Australian dollar initially pulled back during the trading session on Thursday, as we have seen a lot of volatility and negativity out there. That...
Austal USA Wins Massive $3.3 Billion Dollar Offshore Patrol Cutter Contract
Austal will be the second Offshore Patrol Cutter builder Eastern Shipbuilding Group In the tense hours before the U.S. Coast Guard awarded the Offshore Patrol Cutter “Stage 2,” a $3.3 billion dollar c...
Economy Powering Company Peaq Empowers Itself With The 6 Million Dollar Funding
The corporation of peaq has raised pretty reasonable funding for their network, 6 million USD. The company spreads the message that the machines providing goods and services to people can benefit each...
USD/JPY Price Forecast – The US Dollar Continues to Power Higher
US Dollar vs Japanese Yen Technical Analysis The US dollar has rallied again during the trading session on Tuesday as we are breaking above the ¥136 level yet again. This is an area that has been impo...
XRP Price Prediction: Ripple To Replace US Dollar?
Recently, Ripple announced the launch of its headquarters in Toronto, Canada. And guess what? They are also planning to hire 100 new employees. In the upcoming weeks, a break over the psychological $0...
Crypto is not replacing the U.S. dollar, Bitfury CEO Brian Brooks says
Crypto prices should be viewed more like internet stocks than currency, said Brian Brooks, the former U.S. Acting Comptroller of the Currency during the Trump Administration. The biggest misunderstand...
Litecoin Is in a Sideways Movement After Reaching the 60 Dollar High
Jun 28, 2022 at 12:31 // Price The price of Litecoin (LTC) is in a downward correction as the price breaks above the 21-day line SMA. Long-term forecast of Litecoin price: bearish Last week, the...
Vibe Bio CEO explains how this DAO plans to revolutionize the trillion dollar pharmaceutical industry
Episode 58 of Season 4 of The Scoop was recorded remotely with The Block’s Frank Chaparro and Alok Tayi, Co-Founder & CEO of Vibe Bio. Listen below, and subscribe to The Scoop on Apple, Spotify, G...
US dollar forecast ahead of consumer confidence data
The US dollar index declined for the second straight day as investors waited for the upcoming consumer confidence data. The DXY index dropped to a low of $104, which is about 1.72% below the highest l...
US Lawmaker: Digital Dollar Would Safeguard Greenback As Global Reserve Currency
A US Rep. Jim Himes has recently expressed his thoughts on Digital Dollar in a white paper. The document argues that the country should make a Central Bank Digital Currency (CBDC) and specifies ...