Features News TheBitTimes.com

The U.S. dollar’s strength continues to dominate global finance despite recent challenges. While President Trump’s tariff policies have certainly caused some turbulence in currency markets, the fundamental position of the dollar as the world’s primary reserve currency remains largely unchallenged in the international monetary system right now. Even with mounting pressures and alternative currencies gaining some ground, the greenback maintains its central role in global trade and investment at the time of writing. Also Read: Trump’s Tariffs Trigger Global Rush to Abandon U.S. Dollar: More Countries to Follow Dollar Dominance, Tariffs, Inflation & the Rise of Global Alternatives Source: Watcher Guru Recent Dollar Declines Put in Perspective The U.S. dollar has fallen almost 9 percent against the euro and the U.S. Dollar Index has dropped almost 8 percent this year. However, when measured by the Federal Reserve’s Nominal Broad U.S. Dollar Index, the dollar’s d...

Bitcoin (BTC) faced a steep correction on Monday, Jan. 27, 2025. BTC has dipped below $100,000, and other assets are following suit. The asset is down 5.8% in the daily charts and 7.8% over the previous week. Despite the dip, BTC is up 6% in the 14-day charts, 4.9% over the previous month, and 137.1% since January 2025. Source: CoinGecko Also Read: Bitcoin At $98K: Why Is The Cryptocurrency Market Down Today? Here’s Why The Cryptocurrency Market Could Be Down Source: Watcher Guru The latest market dip is likely due to larger macroeconomic developments. The US dollar is gaining steam. Investors may have moved to safer assets, staying away from Bitcoin (BTC) and other cryptocurrencies. Inflation in the US rose to 2.7% in December 2024. The Federal Reserve took a hawkish stance with its monetary policy to combat rising inflation. The Fed announced only two interest rate cuts in 2025 instead of three. The development may have led to lower inflows into BTC and other cryptocurrencies. A...

In a stunning display for the largest cryptocurrency by market cap, Bitcoin has officially climbed above $104k, leading many to wonder why BTC is up today. Like much of the cryptocurrency industry, the asset has not had the greatest start to 2025. However, it has answered concerns with its massive surge as we pass the midpoint of January. Throughout the week, a host of cryptocurrencies have skyrocketed in price. Yet, Bitcoin was left more or less out of the equation as far as surging prices. The token has made up for that Friday, as it enters the last trading day before the inauguration of US President-elect Donald Trump back above the six-figure mark. Now, let’s explore why that could be. JUST IN: $104,000 Bitcoin pic.twitter.com/Y1LMdyP3mm — Watcher.Guru (@WatcherGuru) January 17, 2025 Also Read: Oklahoma Introduces Strategic Bitcoin Reserve Act Bitcoin Surges to Firmly Above $100,000 Level: Why Is It Up Today? There is no denying that Bitcoin had a revolutionary year in 2024. T...

Elon Musk has commented on Dogecoin (DOGE) inflation, saying that the currency’s flat inflation is a feature, not a bug. The asset has boomed in the past month thanks to Donald Trump’s US election win, as the President-elect says Elon Musk will join his staff. Musk will reportedly head the new Department of Government Efficiency, conveniently coined the “DOGE” department. JUST IN: Elon Musk says he thinks the flat, decreasing inflation of Dogecoin $DOGE is a feature, not a bug. — Watcher.Guru (@WatcherGuru) November 13, 2024 According to Elon Musk, the flat inflation of Dogecoin, which means decreasing percentage inflation, is supposed to appear. Musk responded to a tweet by Billy Markus, the creator of Dogecoin also known as Shibetoshi Nakamoto, where Markus explained how to remove the inflation of dogecoin. Agreeing with Musk that this was ideal for something like DOGE intended as a currency, Markus added Dogecoin will have “predictable inflation wi...

Bitcoin and crypto markets seem ready to put in a "major move," commentary concludes, as BTC price action coils up below $31,000. Bitcoin (BTC) looked set to challenge range highs on July 13 as fresh macroeconomic data boosted risk asset bulls. BTC/USD 1-hour chart. Source: TradingView PPI shows U.S. inflation retreating beyond expectations Data from Cointelegraph Markets Pro and TradingView followed the market as the BTC price focus shifted above $30,500. PPI inflation leads CPI by a few months... and today's PPI numbers have YoY running at +0.24% Almost in deflation! Fed pivot anyone? https://t.co/oM4ck5Vgwy pic.twitter.com/Xl78ohLzOM — tedtalksmacro (@tedtalksmacro) July 13, 2023 United States Producer Price Index (PPI) numbers released on the day again came in below expectations, aiding rapidly abating inflation forecasts. With two weeks to go until the Federal Reserve decided on interest rate policy, however, markets themselves remained convinced that anot...

The price of Bitcoin can fall to $15,000 in 2023 if its strengthening correlation with certain macro charts is any indication. Bitcoin (BTC) has rallied nearly 60% to around $27,000 in 2023 amid anticipations that the Federal Reserve would pause its quantitative tightening amid the U.S. banking crisis. Still, BTC price has failed to move beyond $30,000 decisively. Buying exhaustion at this key psychological level led to a price correction toward $25,000 over the past week. Interestingly, the decline has strengthened Bitcoin's correlation with several traditional financial metrics. But does this raise the risk of Bitcoin continuing its downtrend in Q2? Let's have a closer look. U.S. dollar index's double bottom The U.S. dollar index (DXY), which measures the greenback's strength against a basket of top foreign currencies, rose 1.4% to 102.70 in the week ending May 14. The rise marked the dollar's best week since September 2022. Interestingly, the dollar's rise l...

The Central Bank of Venezuela is lagging when it comes to delivering economic data this year, failing to publish the inflation numbers for the last four months. Venezuelan economists believe this delay might mean that the country is starting to enter a new hyper inflation period, with the government trying to hide it by not offering up the figures. Central Bank of Venezuela Owes Public Four Months of Economic Data The Central Bank of Venezuela has not published the economic data corresponding to the last four months, making economists worried about the cause of the delay. The institution still has not issued the inflation figures corresponding to November 2022, December 2022, January 2023, or February 2023, leaving consulting firms blindfolded and unable to make recommendations to their affiliated companies when it comes to economic strategy. But according to Jesus Casique, a Venezuelan economist, inflation figures are just the tip of the iceberg regarding the missing data. Casiq...