Dollar
Bitcoin's ‘De-Dollarization’ Narrative Loses Ground As USD Tightens Its Grip on International Transactions
The crypto market's de-dollarization expectations look premature as the greenback remained the preferred currency in international transactions in 2023, data show.
Can Crypto Dethrone U.S. Dollar Dominance? Here Is Morgan Stanley's Take
U.S. monetary policy, combined with the use of economic sanctions, have forced some countries to look for alternatives to the dollar, while growth of stablecoins may have emphasized the need of the fiat currency, the bank said.
Pakistan Announces Fresh Ban on Crypto, but Adoption as a Hedge Remains Popular
Cryptocurrencies will “never be legalized in Pakistan,” said Minister of State for Finance and Revenue Aisha Ghaus Pasha.
Bitcoin Posts Biggest Weekly Loss in 5 Months as Dollar Liquidity Declines, Debt Ceiling Fears Return
The cost of insuring against a potential U.S. government default in the next 12 months soared to record highs last week.
Could Bitcoin Be a Safe Haven Asset Like Gold?
Gold bottomed out in early November and proceeded to turn higher, leading bitcoin's (BTC) bull revival by nearly two months. Gold's rally has stalled in the past few days, a cause for concern for BTC bulls. "All About Bitcoin" host Christine Lee breaks down bitcoin's relationship to the gold price and U.S. dollar strength on "The Chart of The Day."
Bitcoin Holds Steady Above $17K, US Dollar Tepid Ahead of Powell Speech
The Federal Reserve chairman is scheduled to speak at event hosted by Sweden's central bank.
Bitcoin Correlation With the Dollar Index Turns Negative, Again
Asset managers reduced long positions in BTC for a third consecutive week.
Goldman's Bullish Dollar Forecast Could Spell More Bad News for Bitcoin
The cryptocurrency has fallen as the U.S. dollar index has gone up.
Bitcoin Gains Momentum on Fed Pivot Narrative, but Some Banks Anticipate Dollar Rebound
Bitcoin rose above $20,000 soon before press time, extending Monday's "ISM-induced" gains as dollar continued to lose ground.
