Comparison between Bitcoin and the U.S dollar is an unavoidable plot in the current financial industry. With the increased interest in the Bitcoin market, the asset is currently more defined and credible than in the past and its movement has often been the bud of many discussions. With the U.S dollar index recently rising, Read more…
Policymakers around the world have committed unprecedented amounts of fresh money in a bid to stave off an impending recession, or worse: a total depression. In the United States, the Senate approved a $2 trillion stimulus package in late March, and the House of Representatives has now accepted a proposal from House Democrats for Read more…
Anyone holding bitcoin would have watched the market with alarm in recent weeks. The virtual currency, whose price other cryptocurrencies like ethereum and litecoin largely follow, plummeted from more than USD 10,000 in mid-February to briefly below USD 4,000 on March 13. Despite recovering to the mid-USD 6,000s at the time of Read more…
Bitcoin (BTC) gained ironic support from United States President Donald Trump on March 27 after he appeared to say he supported manipulating the dollar. In a press conference quoted by various Twitter commentators, including Blockstream CSO, Samson Mow, Trump defended the Federal Reserve printing more than $6 trillion. Trump: the dollar Read more…
Bitcoin and cryptocurrency investors have cheered U.S. plans to create a so-called digital dollar as part of a massive coronavirus-induced stimulus bill. The bitcoin price has climbed some 15% over the last 24-hour trading period, nudging $7,000 per bitcoin, and sending the wider cryptocurrency market sharply higher. The bitcoin price had already Read more…