2020-7-1 15:00 |
Forecasts of the dollar's demise are premature. Demand for greenbacks has never been stronger, says our columnist. origin »
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After a flash crash to $89,256 earlier this month, Bitcoin (BTC) made a swift recovery, reaching a new all-time high (ATH) of $108,786 on January 20. However, according to a crypto analyst, further upside could be limited until the Federal Open Market Committee (FOMC) meeting later this month.
Crypto trading firm QCP Capital says the “shallow sell-off” in crypto markets following Iran’s recent attack on Israel indicates healthy market demand for risk-on assets. Crypto Market Remains Well Bid For Risk Assets Despite Iran launching over 180 missiles toward Israel yesterday, the sell-off in traditional financial (TradFi) assets was relatively muted.
Quantitative easing is a monetary policy tool where a central bank purchases financial assets to increase the money supply and stimulate economic activity.
Central banks have used established targets to keep inflation on track. This could be bad for fiat currencies but good for crypto. The post How Ending 2% Inflation Targets Could Positively Impact Crypto appeared first on BeInCrypto.
The Bank of England is the first to pivot back to quantitative easing, claiming to restore market functioning and reduce risks of contagion.
Through increasingly unscrupulous monetary policy, U.S. government officials mask the costs of war from the American public. Bitcoin could fix this.
Rising jobless claims in the U.S. sparked sell-offs in the dollar market. On the other hand, Bitcoin held onto its intraday gains.