Bitcoin Traders Shouldn’t Rely Too Much On Dollar Strength Index (DXY) — Here’s Why
How does fiat currency such as USD influence the price moves of assets like BTC?
BTC$61,703.00-1.60%
ETH$1,651.63-1.20%
USDT$0.99870.00%
USDC$0.9998+0.01%
XRP$1.08-1.71%
SOL$69.04-0.43%
TRX$0.3287-0.47%
FIGR_HELOC$1.03-0.65%
HYPE$63.55+2.01%
DOGE$0.0771-2.40%
USDS$0.9998+0.01%
RAIN$0.0159+1.39%
LEO$9.34-2.18%
ZEC$416.47+0.32%
XLM$0.1857-3.09%
BTC$61,703.00-1.60%
ETH$1,651.63-1.20%
USDT$0.99870.00%
USDC$0.9998+0.01%
XRP$1.08-1.71%
SOL$69.04-0.43%
TRX$0.3287-0.47%
FIGR_HELOC$1.03-0.65%
HYPE$63.55+2.01%
DOGE$0.0771-2.40%
USDS$0.9998+0.01%
RAIN$0.0159+1.39%
LEO$9.34-2.18%
ZEC$416.47+0.32%
XLM$0.1857-3.09%
Although the rise of Bitcoin may weaken US hegemony, it is less clear if this mean more power for Russia and China.
How does fiat currency such as USD influence the price moves of assets like BTC?
The Taproot update will not benefit average Bitcoin users in the short term, according to some developers.
Long-time holders are keeping their BTC while exchanges see persistent outflows, creating strong bullish sentiment.
When everything becomes internet-powered, gold's appeal as an inflation hedge shines less than Bitcoin.
As of now, experts believe the US BITO Bitcoin futures ETF is underperforming spot prices by 17%.
Rises to consumer prices, money printing and Covid are creating parallels to Germany in the 1920s.
The Bitcoin ETF has finally hit the NYSE and had the best opening day for an ETF ever.
Under mounting eco-driven pressure, Bitcoin mining has grown more green and efficient than ever before.
Could some US politicians be seeing crypto as a cross-party issue where they can sweep up votes?
With the US, China and Europe taking different approaches to digital assets, Putin sees an opportunity to disrupt the hegemony of the US dollar.
Stripe rekindles interest in cryptocurrency payments three years after it suspended Bitcoin settlements.
With its future looking bleak, the Chinese real estate market faces crises as property developers are struggling to meet loan repayments.