Analysts Fear a Strong US Dollar Will Dampen Bitcoin’s Bullish Momentum

Analysts Fear a Strong US Dollar Will Dampen Bitcoin’s Bullish Momentum
фото показано с : cointelegraph.com

2020-8-24 02:17

Bitcoin and gold price dropped as the U.S. Dollar Index rallied, leading analysts to speculate whether a strong dollar will slow BTC’s momentum. origin »

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Фото:

Central Bank Digital Currencies are a Risk to Dollar Dominance: JPMorgan Report

According to JP Morgan Chase & Co., if the idea of central bank digital currencies (CBDC) gains traction, the US can risk losing its geopolitical power. “There is no country with more to lose from the disruptive potential of digital currency than the United States,” wrote analysts including Josh Younger, head of U.S. interest-rate derivatives […]

2020-5-24 21:24


Bitcoin Price Recovers 20% to Break $11,000; Pullback Done, Huge Rally Next?

Within a week, from June 26 to July 2, the bitcoin price fell from $13,868 to $9,651, recording a 30 percent pullback against the U.S. dollar. Technical analysts have expressed optimism towards the swift recovery of bitcoin from a large pullback as the dominant crypto asset has shown a change in trend within a short […] The post Bitcoin Price Recovers 20% to Break $11,000; Pullback Done, Huge Rally Next? appeared first on CCN Markets

2019-7-3 11:33


Tether continues to dominate money flow into Bitcoin as the U.S Dollar follows suit

Bitcoin’s spectacular surge has been the talk of the town, with many analysts and researchers expecting the cryptocurrency to climb to even greater all-time highs. According to a recent analysis, the real reason for Bitcoin’s climb can be attributed to cryptocurrency traders and maturing market fundamentals, and not the introduction of Facebook’s cryptocurrency, Libra.

2019-6-26 22:30


Bitcoin Price Sinks to $7,500 as Analyst Predicts Further 30% Plunge

By CCN Markets: In the past 24 hours, the bitcoin price has dropped from $7,900 to around $7,500 by more than five percent against the U. S. dollar in a minor pullback in the crypto market. Within the last seven days, the bitcoin price has fallen by over ten percent, which has led technical analysts in the crypto market to ponder about the possibility of an extended pullback despite the market’s positive macro landscape.

2019-6-10 09:33


Russian Gold Stockpile Grows as Analysts Warn of Global Recession

Following sanctions imposed on Russia, Putin is supporting a mass gold stockpile expansion and a sale of U. S. debt holdings. With a trade war blazing, and sanctions laid across countries to force North Korea and its associates into submission, what happens to other economies? Countries like Russia are using this opportunity to step away from America’s mounting debt.

2019-3-22 23:00


Berkeley Professor Questions Stablecoin Viability in Unflattering Op-Ed

University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate. The critique, entitled “The Stable-Coin Myth,” argues stablecoins are not automatically "viable" just because they are pegged to an asset, though Eichengreen does believe they have an advantage over "conventional cryptocurrencies" such as bitcoin which he says "is highly unstable" and "unattractive as units of account.

2018-9-13 18:07