Bitcoin Sets One High After Another as Analysts Predict Dollar Doom
Bitcoin's short-term downside correction is less likely to outweigh its long-term bullish bias (as long as the US dollar stays bearish).
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Scott Bessent hasn’t wasted much time. The US Treasury Secretary expressed an intention to lower US interest rates in a recent video. And – while not entirely due to Bessent, of course – the US dollar is already showing signs of weakening, spurring hopes for Bitcoin ($BTC) and new crypto projects. A weakening dollar is […]
Many Americans are in need of second stimulus checks and a new coronavirus relief package. As Congress resumes stimulus negotiations, President Trump has called for a “big and focused” stimulus bill now. Meanwhile, several analysts have predicted when lawmakers will pass the next stimulus package. Stimulus Package Status Stimulus negotiations have resumed after the presidential election but lawmakers still have not been able to come to an agreement. This has left Americans with little hope of receiving their second stimulus checks to help them cope with the coronavirus-led....
AAVE was trading higher on Friday, continuing a rebound that followed a massive 45 percent price crash between October 15 and 21. The decentralized finance token rose by up to 9.87 percent to establish an intraday high above $40. Its latest upside move brought its total retracement up by circa 25 percent, leading analysts to […]
Uniswap’s UNI gained momentum and traded to a new all-time high near $45.00 against the US Dollar. The price is likely to continue higher above $45.50 and $46.00 in the near term. UNI started a fresh increase after forming a base above the $40.00 level against the US dollar. The price is trading nicely above […]
The record comes as traders analysts have described institutional investors’ interest in bitcoin as growing “at a staggering pace.”