Bitcoin’s Price Recovery Faces Nonfarm Payrolls Test
Bitcoin held steady as the dollar index nursed losses ahead of a U.S. jobs report that is expected to show the unemployment rate remained below 4% for the 27th straight month.
Dollar
In retrospective: Gold’s new all-time high against the dollar
Gold (XAU/USD) reached a 5-day high of $2,417 per ounce this week, driven by escalating geopolitical tensions and pivotal economic … Continue reading
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What’s going on with the Indian Rupee vs. Dollar (USD/INR)?
The Indian Rupee (INR) closed Friday, March 22, at an all-time low against the U.S. Dollar (USD). Investors and forex … Continue reading
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What’s going on with the Egyptian Pound vs. Dollar (USD/EGP)?
The Egyptian Pound drastically fell against the U.S. Dollar on March 6, following financial decisions by Egypt’s central bank. The … Continue reading
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U.S. Federal Reserve Gov. Waller Says DeFi Could Boost Dollar’s Global Strength
Crypto critics often warn of digital currencies’ potential to destabilize the U.S. dollar, but Federal Reserve Gov. Christopher Waller argued that stablecoins’ dependence on the dollar could actually strengthen the U.S. fiat currency as decentralized finance (DeFi) catches on.
China’s Currency Woes to Weigh on Bitcoin: Crypto Observer
Measures taken by the People’s Bank of China to cushion yuan against the stock market slide could weigh over bitcoin’s price.
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.
Crypto Exchange Bybit Suspends USD Deposits
The exchange announced the suspension on Saturday, adding that withdrawals through wire transfers, including SWIFT, will be halted from March 10.