EUR Drops Below USD for the Second Time in 20 Years, Greenback’s Strength Lea...
The U.S. dollar has been very strong compared to a myriad of fiat currencies worldwide and this week, the euro dropped below the USD for the second time in 20 years after meeting parity with the dollar in mid-July. The dollar’s recent brawniness has resulted in the largest weekly rise since March 2020, according to Commodity Futures Trading Commission (CFTC) data. US Dollar Rises, Euro Falters — Stocks, Precious Metals, and Cryptos Drop Lower On Monday, the Dow Jones Industrial Average dropped 400 points as inflation fears continue to grip Wall Street. The four major stock....
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The recent nerves in the stock market and macro world has caused the dollar to surges to a new 2021 high, just as Bitcoin continues to set new records. But is the greenback’s awakening a dangerous situation for cryptocurrencies, or is something else afoot? BTC Barely Reacts As DXY Taps New 2021 High Bitcoin price is in price discovery mode, after breaking its former high set earlier in the year. The cryptocurrency is pitched as a replacement for gold, and even the dollar – the current global reserve currency. Cryptocurrencies, commodities, and everything else are priced in dollars....
The cost of doing transactions on bitcoin is surging at a time the network is suffering its worst congestion in nearly three years.
We had the chance to interview Aaron Koenig, founder of bitfilm.com. CoinTelegraph: Bitfilm's been going from strength to strength since your last interview with CoinTelegraph. What are you most excited about working on currently? Aaron Koenig: We are currently working on a video trailer for the Bitcoin conference in Rio, on an explanatory video for a decentralized exchange, on a short ad for “The Book of Satoshi“ and on a documentary about the Dark Web for a public television station. We also plan to set up a film festival which only shows films on Bitcoin – we have been organizing film....
Bitcoin would likely extend losses further if Fed Chairman Jerome Powell drops hints of a gradual unwinding of stimulus programs later today.
The price of bitcoin and a myriad of digital currencies have seen some significant gains on Christmas day. Bitcoin touched another all-time price high at $24,662 per coin, while many other crypto assets rebounded from the previous day’s slump. On December 25, 2020, bitcoin (BTC) touched an all-time high (ATH) at $24,662 per coin after dropping to a low of $22,879 on December 23. BTC is up over 3.7% today, over 28% for the last 30 days, and 124% for the last 90 days. At the time of publication, BTC is swapping between $24,150 to $24,350 per coin. The overall market capitalization of....