Cointelegraph traveled to El Salvador to investigate whether citizens believe its new Bitcoin Law will be beneficial to the nation’s economy.
Category: Dollar
3 reasons why Bitcoin price has not been able to rally back above $40K
Bitcoin bulls appear to be back, but a strengthening U.S. dollar, a new wave of COVID-19 infections and low trading volumes threaten the current recovery.
Future of Digital Euro ‘Not Clear Yet,’ Former Eurogroup Official Says
Europe’s digital currency project has made some progress recently, with the Eurozone’s central bank moving to its next stage. Critics point, however, to the continuing lack of clarity around the design and purpose of the digital euro after a decade-long delay, if cryptocurrency is taken as a benchmark. Digital Euro to ‘Feel Like a Prepaid […]
Binance Enters Popular Venezuelan Dollar Indexes as Currency Plunges 10% in One Week
Binance, the leading P2P exchange in Venezuela, is now present in several popular dollar indexes in the country. The price of USDT on Binance’s P2P platform is now used to calculate the average price of the dollar with other P2P and electronic markets. The Venezuelan currency, the Bolivar, took a plunge last week losing 10% […]
Historically low spot volumes and investor indecision weigh on Bitcoin price
Bitcoin price struggles to gain momentum as historically low spot volumes and a strengthening dollar result in widespread indecision from most traders.
DoubleLine CEO sees Bitcoin buy moment at $23K, predicts US dollar will drop ‘pretty substantially’
According to Jeffrey Gundlach, the trading pattern for Bitcoin may suggest a price drop below $30,000.
Bitcoin trader eyes US dollar for BTC price breakout cue, Ethereum clings to $2K
No sign of a breakout as $33,000 becomes resistance overnight and altcoins trade mostly flat as a result of BTC price weakness.
Altcoin Roundup: Smart investors don’t just buy dips, they dollar-cost average
The crypto market may be down from its all-time highs, but dollar-cost averaging is still the best way to build long-term profits.
1inch to launch dollar-pegged stablecoin with ICHI
The new one1INCH stablecoin will be collateralized by a combination of USDC and 1inch’s native token.
Foreign CBDCs and stablecoins unlikely to threaten US dollar, says Fed vice chair
Though Randal Quarles said there was a “legitimate and strong regulatory interest in how stablecoins are constructed and managed,” a U.S. dollar-pegged coin could help provide support for its fiat counterpart.