Tag Archives: U.S. dollar

The first week of October saw bitcoin moving much higher than where it had been. Previously, the asset was struggling to maintain a position in the $19K range, though things turned around somewhat during the early portions of the tenth month of the year to see BTC shoot up into the low $20K range. It’s not much, but it’s something, and analysts and traders everywhere chose to celebrate the hike rather than focus on how small it was. Bitcoin Could Be in for a Series of...

When bitcoin and cryptocurrencies were first created, they were made to potentially replace fiat. The fact is that the Great Recession – which is when bitcoin was first introduced to the world – brought a lot of people’s confidence in standard money and institutions down, and cryptocurrency could have possibly served as the answer they were looking for. However, according to James Bullard – the St. Louis Federal Reserve president – the idea of crypto replacing standard fiat is never going to...

Bitcoin has risen by roughly $300 today in a surprise twist. While this is nothing to get excited about just yet, it does mean that bitcoin is once again in the five-figure range. As of this morning, it’s been trading for just over $10,200.Bitcoin Has Risen Slightly Over the Past 24 HoursThis potentially puts all the worries that analysts had about bitcoin falling below the $10K line to rest granted the world’s largest cryptocurrency by market cap can potentially remain above this level. If...

The U.S. dollar has long been a dominant form of finance, but according to some analysts, the dollar’s strength and place in the monetary space is beginning to fade.How the U.S. Dollar Is Losing Its GripTo be fair, the U.S. dollar still holds plenty of precedence. The currency is utilized to pay for goods and services in both the U.S. and several allied nations. In addition, the U.S. dollar is what is giving many people their stimulus funds to help them survive the present coronavirus crisis,...