Price analysis 10/22: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
Bitcoin is finding support in the $66,500 to $65,000 zone and Bitcoin ETF inflows suggest traders are buying the dips. Will altcoins follow? Go to Source
US Dollar
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Stablecoins can benefit financial system, Fed governor says
The United States national debt has crossed $35 trillion, with $500 billion added to the government debt in the last two weeks alone. Go to Source
US lagging behind in global stablecoin adoption — Chainalysis
Growing demand for US dollar-backed stablecoins and regulatory uncertainty in the US are the key reasons for stablecoins thriving in other jurisdictions. Go to Source
Metaplanet shares jump 15% after buying 107 Bitcoin
Metaplanet has already doubled its Bitcoin holdings this month across four purchases totaling over 450 Bitcoin. Go to Source
Price analysis 10/14: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
Bitcoin’s rise above $66,500 could open the doors for a rally to new highs and altcoins look set to follow. Go to Source
Russian Finance Minister: Western Policies Hurt the US Dollar
Russian Finance Minister Anton Siluanov believes that the policies of the US and its Western allies are affecting the role of the U.S. dollar as a reserve currency. Siluanov stated that while the U.S. dollar will remain popular, the BRICS bloc will develop a solution using digital financial assets to replace it. Russian Finance Minister … Read more
India Denies Targeting US Dollar as Dedollarization Reshapes Global Trade
India’s External Affairs Minister S. Jaishankar clarified that the country is not targeting the U.S. dollar in its economic policy, despite shifts in global trade and currency usage. Speaking in Washington, he emphasized that India’s trade adjustments are driven by practical concerns related to partners with dollar shortages, not a strategic effort to undermine the … Read more
Jim Rickards: Gold Might Avoid Crypto Substituting the US Dollar
Renowned economist Jim Rickards explained that buying gold to back the dollar would restore confidence in the currency, avoiding a long-term decline. He stated that the currency should not be taken for granted, as new forms of money like crypto will step in as old money fails. Jim Rickards: Treasury Should Buy Gold to Avoid … Read more
Price analysis 10/7: SPX, DXY, BTC, ETH, BNB, SOL, XRP, DOGE, TON, ADA
Bitcoin price opened the week with a bang as altcoins and stocks turned green, but $65,000 to $66,500 remains a tall hurdle for BTC to overcome. Go to Source
Zimbabwe Injects $50 Million to Bolster Devalued Currency
The Reserve Bank of Zimbabwe (RBZ) has injected an additional $50 million into the market to support the foreign exchange system. However, industry leaders believe the bank is not doing enough to facilitate the smooth operation of the market. They argue that the policy requiring companies to have no existing nostro balances before bidding for … Read more
