Crypto EcoBlog
Amid mounting debt-limit default risks, US investors have turned to Bitcoin as ‘digital gold’ to better hedge their savings. Amid rising debt-limit default risks, Bitcoin (BTC) is the preferred safe-haven asset compared to other established global fiat currencies. A recent report stated that investors have turned to BTC to hedge their investments, compared to the US dollar, Japanese yen, or Swiss franc-yielding assets. In addition, Bitcoin’s growing popularity as a veritable option rivals...
Read More »Bitcoin Stays Stagnant with Strengthened DXY Negative Correlation as US GDP Slows
The US Commerce Department’s recent shows that economic growth and GDP have slowed even as Bitcoin struggles to regain $30,000. The price of Bitcoin (BTC) has remained relatively stagnant for about a week as the US gross domestic product (GDP) is slowing. Currently trading at $28,870 according to CoinMarketCap data, BTC has been unable to hit $30,000, last seen briefly on the 19th of April, and not seen in the first quarter of the year. This trend follows the GDP’s slowing in the same...
Read More »Yields Bounce on Monday as Expectations for Interest Rate Hike Heightens
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Read More »British Finance Minister Calls on Tech Giants to Stoke Growth in Nation amid Reformative Tax Hikes
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Read More »Euro Bullish Sentiments Abound as Region Appears Set to Hold Off Recession
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Read More »Japanese Yen Falls to 150 against Dollar for First Time in 32 Years
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Read More »European Markets Jump on Speculation of UK Government Revisiting Fiscal Policies
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Read More »Chinese Government Researchers Ponder Pan-Asian Digital Currency to Loosen US Dollar Dependence
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Read More »Bank of England Intervenes to Stabilize Market and Control Falling Pound
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Read More »China’s Renminbi Falls Most against USD Since 2008, China Eases Support for Currency
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