Worsening US Dollar, Inflation Metrics Bode Well for Bitcoin’s Continued Rally
A continued decline in the U.S. dollar and rising inflation expectations support bitcoin's long-term bullish case as a hedge asset.
The greenback has something else going for it cryptocurrencies don't: the bond market, notes Marc Chandler.
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 […]
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.
Analysts cautioned that a stronger dollar could play spoilsport to any new push higher.
Bitcoin's crash Monday came alongside a bounce in the Dollar Index.