Bitcoin soared ahead of the Federal Reserve’s last interest rate decision of the year while the U.S. dollar has erased much of its 2022 gains. Bitcoin was trading at $18,080 at 10:53 a.m....
Tag: Dollar
Dollar General chases suburban shoppers with Popshelf
HENDERSONVILLE, Tennessee — Dollar General‘s next big strategy for growth is tucked in a strip mall in suburban Nashville, and it is coming to other cities soon. It’s a new store called Po...
TRON stablecoin USDD loses dollar peg amid Sun’s capital deploy, but TRX floats
TRON’s stablecoin, USDD, depegged from the dollar TRX price action held out in the negative as Justin Sun calmed the community USDD, the decentralized stablecoin of TRON [TRX], lost its peg to the dol...
Bitcoin Bulls Shouldn’t Be Fooled by Weakening US Dollar, According to Crypto Analyst Benjamin Cowen
Crypto analyst Benjamin Cowen says traders may want to think twice before flipping bullish on Bitcoin just because the US dollar index (DXY) has shown some weakness in recent weeks. In a new strategy ...
Tron’s USDD stablecoin falls to $0.97 as it loses dollar peg
Tron’s USDD stablecoin has lost its peg as its price dipped to $0.97, sparking fears of another UST collapse. The Tron-based algorithmic stablecoin launched on May 5, and its market cap currently stan...
Tron-backed USDD loses dollar parity as stablecoin dips below $0.97
Tron’s algorithmic stablecoin called Decentralized USD, known by its ticker USDD, slipped further from its supposed parity with the US dollar earlier today. USDD dropped to slightly below ...
TRON USDD Stablecoin Slips Further From Dollar Parity
The price of the TRON USDD algorithmic stablecoin has dropped to $0.97, losing even more of its dollar parity. This could potentially put unwanted stress on USDD-paired DeFi pools on Curve. At press t...
Bitcoin takes liquidity near $17K as US dollar shows weakness pre-CPI
Bitcoin (BTC) ranged below $17,000 at the Dec. 8 Wall Street open as the U.S. dollar threatened further weakness. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar dips as stocks see ...
‘Huge, Missing and Growing:’ $65 Trillion in Dollar Debt Sparks Concern
(Bloomberg) — There’s a hidden risk to the global financial system embedded in the $65 trillion of dollar debt being held by non-US institutions via currency derivatives, according to the Bank f...
US Dollar Erases More Than Half of This Year Gains on Fed Rate Bets
(Bloomberg) — The US dollar has erased more than half of this year’s gains amid growing expectations the Federal Reserve will temper its aggressive rate hikes, and as optimism grows over China’s...
Popular Analyst Predicts Bitcoin (BTC) Rally, Says US Dollar Flashing Signs of Ending Parabolic Surge
A closely followed crypto strategist is calling for a Bitcoin (BTC) surge just as the US dollar index (DXY) is showing signs that its parabolic rally this year could be coming to an end. In a new stra...
Bitcoin analysts eye weakening US dollar as BTC price fights for $17K
Bitcoin (BTC) bulls attempted to retake $17,000 into the Dec. 4 weekly close as volatility looked set to return to the market. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bollinger Ban...
Bitcoin bulls lie in wait as US dollar strength hits 5-month lows
Bitcoin (BTC) continued to hold key support on Dec. 2 as United States stocks fell on the Wall Street open. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView DXY weakness offers hope of R...
DeFi Protocol Ankr Hit By Multi-Million Dollar Exploit
With the crypto industry’s focus on the FTX fiasco, DeFi hackers have been making merry, hitting Ankr, and as per information available, stealing $5 million. Hackers were able to exploit an unlimited ...
Ankr Protocol Assaulted in a Multi-Million Dollar Hack
21 mins ago | 2 mins read Defi News Ankr confirms that the platform had been targeted by a multi-million dollar exploit. Reportedly, aBNBc was allegedly minted by the attacker in the amount of 20T. An...
Stocks rally, dollar tumbles, as Powell signaled to slow rate-hike pace in December
Once again, it was Jerome Powell, the Federal Reserve’s Chair, the one who moved financial markets. In a highly anticipated speech on Wednesday at the Brookings Institution, a think tank based in Wash...
Fed hikes and a stronger dollar are fueling risks of political instability in Africa
ACCRA, GHANA – NOVEMBER 05: Ghanaians march during the ‘Ku Me Preko’ demonstration on November 5, 2022, in Accra, Ghana. People took to the streets of Ghana’s capital to protes...
Carvana stock could go to zero dollar: Bank of America
Carvana Co (NYSE: CVNA) is trading down this morning after a Bank of America analyst cited “cash crunch” and warned the stock could ultimately go to “zero”. Carvana is running out of cash fast Nat Sch...
Digital Dollar Could Streamline Settlements, DTCC Says
“This new initiative represents the essence of innovation … we should expect digital transformation to reshape markets and market structure in the coming years,” DTCC Managing Director Jennifer Peve s...
US dollar outlook ahead of NFP data
The US dollar index had a tough performance in November as its remarkable rally stalled. The DXY dropped to a monthly low of $105.41, which was the lowest level since August. At its lowest point, the ...
Stocks Gain, Dollar Drops as Traders Await Powell: Markets Wrap
(Bloomberg) — US equity futures edged higher and the dollar slipped for a second day, as investors awaited a speech by Federal Reserve Chair Jerome Powell for signals about the path of interest-...
Canadian Dollar Tumbles as Economic Data Show Signs of Slowdown
(Bloomberg) — Canada’s dollar slumped Tuesday – at one stage falling by the most in more than a month — even as major peers like the Australian and New Zealand dollars gained ground ...
Global Stocks Rise as China Rebounds; Dollar Falls: Markets Wrap
(Bloomberg) — A gauge of global equities advanced, led by a rebound in Chinese stocks as nationwide unrest over Covid curbs eased. The dollar and Treasuries fell amid improved sentiment for risk...
Venezuelan currency falls about 40% against the U.S. dollar, Know what the analysts said
The Bolivar, which is the currency of Venezuela is losing its worth at a fearsome rate after experiencing a duration of relative firmness newly. The currency plunges about 40% against the dollar of th...
Dollar Rises on Haven Demand; Stocks Face Pressure: Markets Wrap
(Bloomberg) — The dollar rose and stocks were likely to face downward pressure as markets open in Asia on Monday to news of growing unrest in China over Covid restrictions. Most Read from Bloomb...
Venezuelan Currency Plunges Almost 40% Against the US Dollar, Analysts Cite Crypto Drought as Part of the Problem – Economics Bitcoin News
The Venezuelan fiat currency, the bolivar, has lost almost 40% in its exchange rate against the U.S. dollar in a month. According to reports, the seasonal payments that the government has to make, and...
Experts Unveil The Truth Behind Dash (DASH), Pax Dollar (USDP), And Snowfall Protocol (SNW)
The cryptocurrency market is highly volatile. Thus, even if tokens seem to be performing well at the moment, they could fall rapidly in no time. Unless a cryptocurrency has a strong set of features to...
What If Congress Gave Every American $1 Million?
The title of this week’s opinion piece is a question that frequently comes up on the matter of inflation. As readers of these columns know well, the view here is that we presently do not have an infla...
a digital dollar, stringent licensing, and Bitcoin ETFs
Join Our Telegram channel to stay up to date on breaking news coverage In October, the Investment Industry Regulatory Organization of Canada registered Toronto-based Coinsquare as the country’s first ...