All-time highs next? Bitcoin holds $62K as the Dollar index tumbles to 3-week lows
The U.S. dollar index reached its lowest levels in three weeks on Tuesday, triggering the Rising Wedge pattern. Go to Source Powered by WPeMatico
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Gold Spikes on US Debt Fears — Finance Portal Disowns End-of-Year Gold Price Prediction
While the price of bitcoin has surged during the first few days of October, the price of the precious metal gold has also increased percentage-wise as the U.S. dollar and the country’s 10-year Treasury yields slid in value this past week. An ounce of fine gold exchanged hands this weekend for $1,760 per unit, up … Read more
Bitcoin price eyes $50K as the US Dollar retreats after hitting its one-year high
Rising jobless claims in the U.S. sparked selloffs in the dollar market. On the other hand, Bitcoin held onto its intraday gains. Go to Source Powered by WPeMatico
US Senator’s Advice: Buy, Hold, Save Bitcoin for Retirement as Congress Floods Economy With Trillions of Dollars
U.S. Senator Cynthia Lummis has encouraged “people to buy and hold” bitcoin in their portfolios. “I encourage them to save bitcoin for their retirement, for their future,” she said, adding that with Congress flooding the economy with trillions and trillions of dollars, “there’s no way” the value of the U.S. dollar will not be debased. … Read more
Gold outshines Bitcoin in Q2 even after posting its worst month since 2016
Safe-haven rivals move inversely to one another in a quarter mired by mixed inflation reports, Elon Musk FUD, and a suddenly hawkish Federal Reserve. Go to Source Powered by WPeMatico
Forget Elon, here’s why Bitcoin traders should be watching the US Dollar Index instead
The U.S. dollar index recorded its best daily performance in almost nine months just as the BTC/USD exchange rate fell following Elon Musk’s cryptic tweet. Go to Source Powered by WPeMatico
Bitcoin accumulation uptrend can create a 2013-style BTC price ‘double pump’
Long-term Bitcoin holders remain unfazed by the recent sell-off, but there is still one alarming sign. Go to Source Powered by WPeMatico
White House Defends Trillion-Dollar Stimulus While Jamie Dimon and Larry Summers Warn of Runaway Inflation
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 … Read more
US Dollar Drops to a Three-Year Low, Greenback Could Dip 10% Lower, Fed Still Not Ready to Taper QE
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 … Read more
While Bitcoin Energy Concerns Grow, Nobody Discusses the Carbon and Military Violence Backing US Dollars
This week a great number of bitcoin supporters and skeptics have been arguing over whether or not bitcoin mining is harmful to the global environment. However, crypto supporters have been saying that concerns over the Bitcoin network’s energy supply are absurd, in contrast to the carbon used and the military violence that backs a number … Read more