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On Wednesday the White House defended President Joe Biden’s trillion-dollar spending proposals despite the criticism concerning rising inflation and low-interest rates. Inflation has risen at unprecedented levels in the U.S. and the average American’s purchasing power is growing less powerful. Now critics like JPMorgan Chase CEO Jamie Dimon and American economist Larry Summers have blasted […]Powered by WPeMatico
New data shows a dramatic rise in the number of Bitcoin wallets holding anywhere between 100 BTC to 1,000 BTC, but there may be a catch.
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America’s currency has been flirting with lows again, as the U.S. Dollar Index (DXY) dropped to a low of 89 on Tuesday and the following Thursday. This is the third time since April 2018, the DXY has been this weak, and some analysts think the currency could drop even lower. US Dollar ‘Is a Bit […]Powered by WPeMatico
Federal Reserve Chair Jerome Powell hints that monetary stimulus could be withdrawn thanks to “substantial progress” in the U.S. economic recovery.
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The classic inverse correlation between USD and Bitcoin is nowhere to be seen as all-time highs come closer and closer.
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Bitcoin sees weakening momentum as the U.S. dollar recovers and Treasury yields rise.
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Bitcoin is slumping as the DXY breaks out and the U.S. stock market tanks.
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Well before the coronavirus pandemic, global economists expected a grim-looking American economy and during the last ten months of the Covid-19 outbreak, the U.S. financial system looks even worse. Economists and analysts say the biggest concern is the U.S. dollar faltering into the unknown, as a great number of distinguished individuals believe the USD will […]
The post Financial Analysts Expect US Dollar to Soften Further, 2021 Could Be the Greenback’s ‘Worst Year Ever’ appeared first on Bitcoin News.
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According to a number of reports and commentary from financial analysts, the world is “drowning in U.S. dollars” after the Federal Reserve decided to pump billions of dollars into the hands of 14 central banks via liquidity swaps. Moreover, recent technical analysis shows the dollar’s trade-weighted index chart indicates the USD might be in for […]
The post Macroeconomic Trends Boost Bitcoin and Gold, US Dollar Index Shows Bearish Double-Top appeared first on Bitcoin News.
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