US Dollar

US Dollar

Crypto Won’t Be Money Until IRS Accepts It for Taxes, Top Forex Strategist Says

Lawrence LewitinnApr 6, 2021

The greenback has something else going for it cryptocurrencies don't: the bond market, notes Marc Chandler.

Bitso

In Nigeria, One Bitcoin Can Cost $68,000. Here’s Why.

Sandali HandagamaFeb 23, 2021

Bitcoin has already passed the $68,000 mark in Nigeria, but that’s if you use the official exchange rate. Awosika Ayodeji, a Nigerian blockchain project designer, isn’t complaining. He is happy to wake up and see bitcoin prices quoted using unofficial U.S. dollar exchange rates because it means he’d be getting more naira per dollar when […]

Opinion

50 Years After Bretton Woods, the US Dollar’s Throne Is in Play

David Z. MorrisAug 13, 2021

The greenback's share of world reserves is dropping steadily. The euro, yuan and bitcoin are all in the running to pick up the slack.

Bitcoin

Bullish Bitcoin Fundamentals Point to Renewed Price Rally Ahead

Omkar GodboleFeb 2, 2021

Analysts cautioned that a stronger dollar could play spoilsport to any new push higher.

Bitcoin

Bitcoin’s Big Drop Again Coincides With Dollar Bounce in Forex Markets

Omkar GodboleJan 11, 2021

Bitcoin's crash Monday came alongside a bounce in the Dollar Index.

US Dollar

Markets

Worsening US Dollar, Inflation Metrics Bode Well for Bitcoin’s Continued Rally

Omkar Godbole

A continued decline in the U.S. dollar and rising inflation expectations support bitcoin's long-term bullish case as a hedge asset.

Bitcoin

Bitcoin Posts Biggest Monthly Price Loss Since March

Omkar Godbole

Bitcoin faced selling pressure in September as the U.S. dollar rose against major currencies for the first time in six months.

US Dollar

US Cash in Circulation Sees Biggest Increase Since the Y2K Bug Panic, Fed Data Indicates

Sebastian Sinclair

U.S. currency in circulation has experienced its largest increase in over 20 years.

Opinion

Policymakers Shouldn’t Fear Digital Money: So Far It’s Maintaining the Dollar’s Status

Nic Carter

U.S. policymakers are worried CBDCs and crypto will harm the dollar's reserve status. But maybe they have it backwards, writes CoinDesk columnist Nic Carter.

Iran

Iran President: We Need a Muslim Cryptocurrency to Fight the US Dollar

David Pan

Iranian President Hassan Rouhani says the Muslim world needs its own cryptocurrency to fight American economic domination in international trade and cut reliance on the dollar.

China

Central Banks, Stablecoins and the Looming War of Currencies

Michael J. Casey

A flood of competing stablecoins is coming to the global economy, setting the stage for what could be a climactic battle with the world's biggest central banks.