Bitcoin Declines, Dollar Recovers on Trump Win Prospects
Bitcoin traders braced for uncertainty as Donald Trump and Joe Biden entered a tight US presidential election race. The benchmark cryptocurrency surged overnight to above $14,000 in a sharp upside. Its gains came on the prospects of a decisive election win for Biden. But with Trump winning several battleground states in a row, Bitcoin plunged […]
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For all those who are casual market investors, rejoice! Bitcoin is back to its winning ways as the world’s leading free-market digital currency surges on Tuesday against a weakening US dollar due to recent commentary from President-elect Donald Trump. Trump: Dollar ‘Too Strong’. There are many potential factors in the value Bitcoin versus the dollar, the primary one being the value of the dollar itself, which is usually very stable and strong, being the global reserve currency. However, with Donald Trump ready to assume the position of the most powerful man on Earth in just three days, his....
Former US President Donald Trump claims that he dislikes bitcoin because it is a competitor to the dollar, which he wants to be the world’s currency and urged US regulators to take action to monitor it. Trump Thinks Bitcoin Is A Scam Trump was asked about his opinion on cryptocurrency and the US stock market […]
Former U.S. President Donald Trump is still not a fan of Bitcoin, calling it a scam while stating that the dollar should remain the “currency of the world.” Former United States President Donald Trump has once again slammed Bitcoin (BTC).Appearing on FOX Business on Monday, the former president remarked:“Bitcoin, it just seems like a scam […] I don’t like it because it is another currency competing against the dollar. Essentially, it is a currency competing against the dollar. I want the dollar to be the currency of the world, that’s what I’ve always said.”TRUMP: Bitcoin, it just seems....
The starting point for the Bitcoin market’s recent declines is the prospect of faster-than-expected economic growth in the United States, thanks to the extreme fiscal expansion and a recent rebound in job growth to pre-pandemic levels, which has boosted the bond yields and, in turn, accelerated demand for the US dollar in foreign markets. But […]
Investors predicting sharp upsides in the Bitcoin market could meet a string of aversions from a bullish US dollar outlook. On Friday, the greenback inched higher–and the Bitcoin price slipped lower–after the news that Donald Trump and his wife Melania had tested positive for coronavirus. The report appeared when investors were already preparing for extended uncertainty around the November 3 presidential election. Mr. Trump had repeatedly indicated that he might challenge the outcome of the […]