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The Dollar Is at a 20-Year High. That’s Bad News for Bitcoin
Cryptocurrency Key Takeaways The dollar index has jumped to 20-year highs above 112 thanks to the Federal Reserve’s economic tightening policy. While the dollar is soaring, Bitcoin and other cryptocurrencies are struggling due to the Fed’s interest rate hikes. While the dollar is currently rising against other currencies, a decline in inflation or an end to the European energy crisis could revive interest in risk assets. Bitcoin and the broader crypto market are struggling to stay above their June lows due to renewed strength from the dollar. Cryptocurrency BTC Down as DXY Rallies Bitcoin is battling against the dollar—and it’s […]
Do digital assets play a role in illicit finance? US Treasury asks for public feedback
Home » Business » Do digital assets play a role in illicit finance? US Treasury asks for public feedback What role do digital assets play in illicit finance? Can the U.S. Treasury Department and other regulators play a bigger role in protecting digital asset investors? Are the current regulations still fit for purpose in the Bitcoin sector? These are among the questions the Treasury poses to the public in its latest “request for comment.” Titled “Ensuring Responsible Development of Digital Assets; Request for Comment,” it was published this week and wants public feedback on illicit finance, consumer protections, promotion of innovation, […]
Bitcoin Stable at $19K Despite BOE’s 50 Basis Point Interest Rate Hike
Cryptocurrency Attempting to fight the raging inflation, the Bank of England raised the interest rates by 50 basis points today. BTC’s price remained stable, without any significant volatility, unlike what happened yesterday when the Fed did the same. The inflation rates in many countries skyrocketed in the past several months, and the UK is no exception. The percentage there neared 10% for the month of August – levels not seen in several decades. The central bank – the Bank of England – has used primarily one tool to try to battle the galloping inflation – increasing interest rates. The latest […]
Bitcoin Dicing With Death as Dollar Drives Dump
Reading Time: 2 minutes Bitcoin has dropped through a crucial support level at $18,700 The U.S. Dollar Index is going the opposite way, soaring to fresh highs This is a recipe for disaster for the crypto market Bitcoin is sitting very precariously right underneath a crucial support zone after yesterday’s interest rate hike caused the U.S. Dollar Index to spike. The DXY has now broken through the last resistance before its 2002 top of 120, and with more money rushing to the safe haven of the dollar it seems that both crypto and traditional markets are about to take another […]
First Mover Asia: Bitcoin Flutters Around $19K; SEC Case Against Crypto Promoter Ian Balina Faces One Big Problem
Bitcoin Good morning. Here’s what’s happening: Prices: Bitcoin, ether and most other major cryptos declined a day before the U.S. central bank announces its latest interest rate decision. Insights: Should the Ethereum network be subject to U.S. securities law? That question is at the heart of an SEC case against crypto promoter Ian Balina. Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context. ● Bitcoin (BTC): $18,875 −3.4% ● Ether (ETH): $1,323 −4.1% ● CoinDesk […]
SHIB, XRP, ADA See A Spike In Social Media Discussions
You are here: Home/ News/ Altcoin News/ SHIB, XRP, ADA See A Spike In Social Media Discussions September 20, 2022 by Lipika Deka Top 10 altcoins such as ETH, SHIB, ADA, XRP, etc are the most talked about tokens, on-chain data analytics platform Santiment revealed. On the other hand, Bitcoin and Ethereum have fallen by 16% and 25% over the last week. Crypto markets have obviously taken a big hit over the past week, but it’s interesting to see where social interests have shifted. ETH, XRP, ADA, MATIC, and SHIB have increased in discussions, while most other assets are being […]
Rich Dad Poor Dad Author Lists 7 Reasons to Buy Bitcoin
Cryptocurrency Robert Kiyosaki – author of the famous personal-finance book “Rich Dad Poor Dad” – has come out with another enthusiastic statement in support of cryptocurrency. The author listed 7 reasons why his followers should invest in Bitcoin and precious metals – centered around the United States government’s current financial position. Cryptocurrency How the U.S. Dollar Dies As reads Kiyosaki’s tweet, the first reason to invest in Bitcoin is that the U.S. “borrows too much money.” According to the US National Debt Clock, the nation is now up to nearly $31 trillion in debt. Meanwhile, U.S. GDP stands at just […]