Both Bitcoin And The US Dollar Bask In Positive Trading Spree
The end of 2016 will be filled with fireworks, and the year 20017 could be a defining moment for a lot of assets. We live in very exciting financial times right now, and things are changing at an accelerated pace. The US Dollar almost touched its 14-year high peak earlier today. At the same time, Australian stocks are on the rise, as Japanese shares are not doing too bad either. On the non-traditional finance front, the Bitcoin price continues to increase. The year 2016 has been quite positive for the US Dollar, all things considered. Now that the currency sees its yield premium widen....
Related News
World’s largest cryptocurrency exchange, Binance, is executing another crypto delisting spree, with popular doggy-themed meme coin, Shiba Inu (SHIB), among the list of casualties. The listing will see several trading pairs including Shiba Inu effectively terminated from the exchange this month. Binance Delist SHIB/TUSD Trading Pair In a blog post on June 26, Binance announced its plans to […]
Bitcoin price is trading in a positive zone above the $19,000 zone against the US Dollar. BTC broke a key bullish pattern, suggesting high chances of more upsides above $19,500. Bitcoin is trading in a positive zone above the $18,800 and $19,000 resistance levels. The price is now trading well above the $19,000 level and […]
Ethereum extended its rise and traded towards $760 before correcting lower against the US Dollar. ETH price is showing positive signs and it looks set to clear $750-$760. Ethereum is trading in a positive zone and it recently climbed to a new yearly high at $758. The price is now trading well above $730 and […]
Uniswap’s UNI is showing positive signs above $32.00 against the US Dollar. The price is likely to clear the $35.00 resistance and it could even rally towards the $40.00 level. UNI is very stable above the $27.50 and $30.00 support levels against the US dollar. The price is trading nicely above $32.00 and the 100 […]
A weakened US Dollar is also positive for the bitcoin ecosystem, in a way. Looking ahead in the financial world is becoming quite challenging these days. Stock investors are currently concerned over the US Dollar, albeit that situation may come to change soon. After a horrible start in 20017 for the greenback, the question remains what will happen next. Further declines in value are not out of the question, which spells good news for investors. Additionally, a weaker US Dollar can benefit the bitcoin ecosystem as well. It has to be said, the bullish US Dollar trend could only be sustained....