Dollar Financial News

18.06 / 08:41

business Blockchain Stablecoin Dollar Magic Internet Money token depegs as Terra (LUNA) domino effect persists

Magic Internet Money (MIM), a US dollar-pegged stablecoin of the Abracadabra ecosystem, joins the growing list of tokens losing their $1 value amid an untimely crypto winter. The sudden de-pegging of the MIM token commenced roughly on June 17, 7:40 pm ET, which saw the token’s price drop to $0.926 in just three hours.

10.06 / 23:03

markets Interest rates Bitcoin Dollar Bitcoin, altcoins sell-off on record-high inflation, but traders still expect BTC to consolidate

Global financial markets once again find themselves trending lower on June 10 after the Consumer Price Index (CPI) came in at a blistering 8.6% year-over-year increase, the highest print since 1981.

07.06 / 08:53

Federal Reserve Bitcoin Dollar pricing Fed forgets long-term dollar devaluation when pricing eggs in BTC

The St. Louis Federal Reserve stirred up a mix of amusement and curiosity from the crypto community on Tuesday, May 7, after publishing a post showing how the cost of eggs in Bitcoin (BTC) has fluctuated over the last 14-months compared to the U.S. dollar.

02.06 / 19:33

markets Stablecoin Tether Dollar NOT These are the least 'stable' stablecoins not named TerraUSD

The recent collapse of once the third-largest stablecoin, TerraUSD (UST), has raised questions about other fiat-pegged tokens and their ability to maintain their pegs.

26.05 / 21:01

markets Ethereum Dollar Bears Support Ethereum price dips below the $1.8K support as bears prepare for Friday’s $1B options expiry

Ether's (ETH) performance over the past three months has been less than satisfying for holders and the 50% correction since April 3 caused the altcoin to test the $1,800 support for the first time since July 2021.

15.05 / 12:45

Government Stablecoin Tether Dollar $1.9T wipeout in crypto risks spilling over to stocks, bonds — stablecoin Tether in focus

The cryptocurrency market has lost $1.9 trillion six months after it soared to a record high. Interestingly, these losses are bigger than those witnessed during the 2007's subprime mortgage market crisis — around $1.3 trillion, which has prompted fears that creaking crypto market risk will spill over across traditional markets, hurting stocks and bonds alike.

13.05 / 22:45

markets Bitcoin Dollar analysts debate Buy the dip, or wait for max pain? Analysts debate whether Bitcoin price has bottomed

It has been a rough week for the cryptocurrency market, primarily because of the Terra ecosystem collapse and its knock-on effect on Bitcoin (BTC), Ethereum (ETH) and altcoin prices, plus the panic selling that took place after stablecoins lost their peg to the U.S. dollar.

11.05 / 15:33

markets Stablecoin avalanche Dollar Avalanche drops 30% on fears Terra's LFG will dump AVAX next

Avalanche (AVAX) is paying the price for being one of the collateral assets that maintain Terra's native stablecoin TerraUSD's (UST) peg with the U.S. dollar.

28.04 / 17:35

markets Crypto Ed Bitcoin Dollar Bitcoin rejects $40K as US dollar strength hits 20-year high

Bitcoin (BTC) made a fresh bid to crack $40,000 on April 28 as Wall Street trading opened to twenty-year highs for U.S. dollar strength.

27.04 / 19:39

markets Bitcoin Bitcoin Price Dollar Trader flags BTC price levels to watch as Bitcoin still risks $30K 'ultimate bottom'

Bitcoin (BTC) remains a slave of the U.S. dollar on April 27 as the greenback spells fresh misery for risk assets across the board.

27.04 / 12:11

markets Bitcoin Bitcoin Price Dollar Warning week Bitcoin rebounds off 6-week lows amid warning of 'brutal' BTC price bull trap

Bitcoin (BTC) reclaimed $39,000 on April 27 after another night of pain saw BTC/USD hit its lowest levels since mid-March.

25.04 / 23:01

markets Bitcoin Dollar Bears Bitcoin bears tighten their grip on BTC now that $40K is the new resistance level

Bitcoin (BTC) remains below $40,000 for the third consecutive day and the most likely source of the volatility is the worsening condition of traditional markets. For instance, the S&P 500 is down 5% since April 20 WTI crude price dropped 9.5% in seven days, erasing all of the gains accrued since March 1.

11.04 / 23:05

markets Tether Bitcoin Dollar Bitcoin price drops to $39K, but data shows leverage traders dreaming of $50K

On April 11, Bitcoin (BTC) dropped to $40,500, reaching a crucial level that erased the gains from the previous three weeks when the price peaked at $48,200 on March 28.

07.04 / 22:10

markets Investments Bitcoin Dollar Stronger dollar prospects risk pushing down Bitcoin price to $32K

The U.S. dollar's ability to continue its rally in Q2 could prove fatal for Bitcoin (BTC), which has demonstrated an inverse correlation with the dollar since January 2022.

06.04 / 00:13

Blockchain Investments Dollar New era of crypto payments begins with use cases in automated investing, Twitch integration

With blockchain technology, the world is now able to overcome many of the inefficiencies evident in traditional payment systems, including intermediary control of private data and personal funds. Unfortunately, despite cryptocurrencies, a product of blockchain technology, holding the ability to address these concerns, many still struggle to use these assets for everyday transactions, such as in the payments sector.

11.03 / 09:55

Digital Dollar Fed US Federal Reserve Dollar What would be the impact of a US 'digital dollar'?

dollar, a move with the potential to reshape how money is moved and used around the world. Before his order results in a virtual greenback, there will be numerous major impacts — and risks — to consider first. Here are some key questions:

10.03 / 20:07

markets Stablecoin Dollar Waves price rises 230% in just three weeks — Could a 'triple top' spoil the rally?

Waves (WAVES) continued its price rally further into this week, even as its top crypto rivals wobbled between losses and gains elsewhere in the market.

18.02 / 17:17

Ripple XRP Investments Dollar XRP 'mega whales' scoop up over $700M in second-biggest accumulation spree in history

XRP addresses that hold at least 10 million native units have returned to accumulating more in the past three months, a similar scenario that preceded a big rally for the XRP/USD and XRP/BTC pairs in late 2020.

25.01 / 03:17

Interest rates Euro Bitcoin Dollar Boom or bust? Is there a way for Bitcoin price to hit $100K in 2022?

The internet is filled with Bitcoin (BTC) price forecasts. For example, some analysts believe that the flagship crypto will hit $1 million per coin in the next 10 years, while others think BTC price will eventually drop to zero.

21.01 / 20:08

Stablecoin Federal Reserve Dollar Does a Fed digital dollar leave any room for crypto stablecoins?

During Jerome Powell’s Jan. 11 United States Senate confirmation hearings, Sen. Patrick Toomey posed a question to the incumbent-and-future Federal Reserve chief: “If Congress were to authorize and the Fed were to pursue a central bank digital dollar, is there anything about that that ought to preclude a well-regulated privately-issued stablecoin from co-existing with a central bank digital dollar?”

27.12 / 18:27

markets Federal Reserve Bitcoin Dollar bitcoin rises Bitcoin rises above $51K as the dollar flexes muscles against the euro

Bitcoin (BTC) regained its bullish strength after reclaiming $50,000 last week and continued to hold the psychological level as support on Dec. 27. Meanwhile, its rival for the top safe-haven spot, the U.S. dollar, also bounced off a critical price floor, hinting that it would continue rallying through into 2022.

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