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De-dollarization threats may be exaggerated, but Standard Chartered warns the United States dollar faces a 65% probability of decline over the next 12 months. The bank’s Analysis suggests that de-dollarization concerns are overblown, yet predicts potential dollar weakness of 1-10% through mid-2026, with currency substitution and cryptocurrency adoption contributing to shifting global monetary dynamics right now. US current account and foreign debt purchases chart – Source: JP Morgan Analysis Also Read: De-Dollarization: Wall Street Dumps $59B as FMAS:25 & Russia Act How De-Dollarization, Currency Substitution, And Crypto Impact The Dollar’s Future Standard Chartered bank headquarters – Source: Wikipedia Standard Chartered’s De-Dollarization Assessment Standard Chartered’s research dismisses extreme de-dollarization scenarios while also acknowledging real pressures on dollar dominance at the time of writing. The bank stated: Global reserve currency c...

Bitcoin preserves its snap October gains, but BTC price analysis reveals reasons for staying level-headed on the future. Bitcoin (BTC) aimed for $28,500 at the Oct. 2 Wall Street open as a bullish start to the month continued. BTC/USD 1-day chart. Source: TradingView Analyst wary of Bitcoin "upside wick" fakeout Data from Cointelegraph Markets Pro and TradingView showed BTC price action staying strong into October’s first United States trading session. The largest cryptocurrency made swift gains into the weekly close, this following a contrastingly cool monthly candle completion which saw BTC/USD finish on $26,970. For popular trader and analyst Rekt Capital, this monthly close — despite now being more than 5% below spot price — called for caution. “Bitcoin performed a September Monthly Candle Close below ~$27,100 (black),” he wrote in part of the day’s X Analysis alongside an explanatory chart. “Technically, black was solidified as resistance for September.” Rekt Capital ...

Bitcoin has the chance to set off on a "parabolic curve" as the U.S. dollar index threatens to dive below 100, a popular trader says. Bitcoin (BTC) may see a “parabolic curve” begin thanks to U.S. dollar weakness as the greenback falls to three-month lows. In a tweet on July 11, popular trader Moustache suggested that the time is right for BTC price history to repeat itself. DXY "most important chart" for Bitcoin this year Bitcoin’s formerly strong inverse correlation to dollar strength has waned this year, but its latest movements are a talking point among traders. Data from Cointelegraph Markets Pro and TradingView shows the U.S. dollar index (DXY) on the way to testing support at 100 for the first time in months. Previously above 105, the greenback has faced stiff resistance after last year’s twenty-year highs. As a result of its newfound bearish behavior — which would cement itself further should the 100 mark be lost — Bitcoin stands to win, Moustache believe...

Persistent inflation and a strong labor market create conditions for more Fed rate hikes in 2023, which may push down Bitcoin against the U.S. dollar. Bitcoin (BTC) investors reeling from the shock of recent cryptocurrency company failures and banking issues may face another potential problem: a recovering U.S. dollar. US dollar strength reemerges Notably, the U.S. dollar index (DXY), which tracks the greenback's performance against a basket of top foreign currencies, has risen 4% from its Feb. 3 low of 100.82, amid anticipations that the Federal Reserve will continue raising benchmark rates to cool inflation. Inflation ersists An air of caution remains as fresh U.S. data shows a recession is not yet imminent. That includes the latest jobless claims, which fell 2,000 to a seasonally adjusted 190,000 in the week ending Feb. 25, and stronger consumer spending in January.  Meanwhile, 90% of the U.S. manufacturers surveyed by Bloomberg complained about rising input prices despite the ...

The rally in stocks could be giving Bitcoin price a boost, and the crypto market could see more fireworks if the Fed confirms investors' expectation that rate hikes will slow down. Bitcoin’s (BTC) price has risen about 37% year-to-date and is not showing any signs of slowing down. The S&P 500 index (SPX) has also made a winning start to the year but has seen a relatively muted rally of roughly 4%. While the price of risky assets are rising, the United States dollar index (DXY), perceived as a safe haven, extended its downtrend and declined more than 1% in January. The change in sentiment toward risky assets may have been triggered by expectations that the U.S. Federal Reserve could slow down its rate hikes as inflation cools off. Some analysts even expect the Fed to pivot and start cutting rates before the end of the year. Daily cryptocurrency market performance. Source: Coin360 Several analysts remain skeptical about Bitcoin’s rally but the longer the price sustains above $20...