US Dollar Confirms Bearish Continuation as Bitcoin Hits Record High
The US dollar index, which tracks the greenback's strength against the strongest global foreign currencies, broke below a crucial upward sloping support.
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Synthetix’s native token SNX emerged victorious on the day its rival decentralized finance tokens turned lower. The SNX-to-dollar exchange rate hit a fresh record high of $8.68 on Wednesday as a flurry of uplifting fundamentals prompted traders to increase their bids on the pair. That included the introduction of a new staking platform. Say hello […]
Ripple is struggling to clear the $0.5800 resistance against the US Dollar. XRP price is showing bearish signs and it could accelerate lower below $0.5420. Ripple topped just above the $0.6000 level before starting a fresh decline against the US dollar. The price is now trading well below the $0.5680 support and the 100 hourly […]
A remarkable rebound this weekend has put Bitcoin back en route to $20,000, its record high to date.
Eight days ago, the euro tapped a record low against the U.S. dollar as it hit $1.028 per unit against the USD last Tuesday. This week, the official currency for 19 of the European Union’s member states reached parity against the U.S. dollar for the first time in 20 years. Euro Hits Parity Against the US Dollar, Greenback Skyrockets Against a Basket of Fiat Currencies Even though it was a goal for the European Union (EU) to introduce a sovereign fiat currency for the EU back in the sixties, the euro did not get introduced until January 1, 1999. At first, the euro was introduced....
Bitcoin has had its most profitable quarter on record dollar for dollar, rising more than $25,000 in Q1 alone. But despite the enormous bullish impulse, the price action has left behind the first ever bearish divergence on quarterly timeframes in the asset’s history. Making matters worse, March is historically be worst month on record for […]