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Price analysis 10/16: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, TON

16.10.2023
Stock markets flashed green at the weekly open, and crypto prices followed

Bitcoin Surges on Fake Blackrock ETF Approval News: Misinformation Ripples Through Crypto Markets

16.10.2023
On a bustling Monday, the cryptocurrency-focused news platform Cointelegraph broadcasted that the U.S. Securities and Exchange Commission (SEC) had given the green light to Blackrock’s Ishares spot bitcoin exchange-traded fund (ETF). The unverified news spread like wildfire, and in its wake...

Dollar vs. Bitcoin Clash: Experts Flex Opposing Views; SBF Trial Update — Week in Review

15.10.2023
Berkshire Hathaway’s Charlie Munger says most crypto is going to zero, while a Jefferies analyst says bitcoin is actually set to thrive in the case of a dollar collapse. Meanwhile, American economist Jeffrey Sachs says central bank digital currencies (CBDCs) are the real money of the near...

Tether stablecoin firm appoints CTO Paolo Ardoino as CEO

13.10.2023
The change in leadership at Tether reflects its commitment to actively exploring new business operations, the company said

Renowned Investor Jim Rogers Warns of US Dollar Dominance Ending — Sees Chinese Yuan as the Only Competitor

12.10.2023
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, has reiterated his warning of the end of U.S. dollar dominance. “I know that the era of the U.S. dollar is coming to an end. No currency stayed on top forever,” he stressed, adding that...

Peter Schiff Anticipates No Further Interest Rate Hikes Amid Middle East War — Warns ‘Crisis Is Assured’

12.10.2023
Economist Peter Schiff compared the attack on Israel to 9/11, calling it “the beginning of a bad situation.” He highlighted several factors that will weaken the U.S. economy, which he described as “already structurally weak.” The economist stressed: “The U.S. can’t even...

Israeli Shekel Hits 7-Year Low Amid Conflict; Central Bank Launches $30B FX Intervention

10.10.2023
On Monday, as tensions escalated between Israel and Hamas militants from the recent weekend skirmishes, the Israeli shekel plummeted to its weakest level in seven years. Responding to the declining currency, the Bank of Israel unveiled a strategy to offload up to $30 billion in foreign exchange...

Analyst Warns of US Dollar Collapse, Predicts Bitcoin Owners to Benefit

10.10.2023
Global financial services firm Jefferies has warned of “the collapse of the U.S.-dollar paper standard to the benefit of both gold bullion owners and also owners of bitcoin.” He explained that the Federal Reserve, and other G7 central banks, “will not be able to exit from...

Prosecutors Seek to Exclude AI Startup Anthropic’s Valuation From Bankman-Fried Trial

9.10.2023
Amidst widespread media coverage highlighting Anthropic, the startup behind the generative artificial intelligence (AI) chatbot Claude and its pending multi-billion-dollar infusion, federal prosecutors overseeing the Sam Bankman-Fried case are pushing to sideline this subject during the trial....

Tensions in Israel Reverberate Globally — US Equities, Cryptos Falter Amid Mideast Conflict; Oil and Metals Capitalize

9.10.2023
Markets faced turbulence on Monday as all four major U.S. indices took a downward turn, influenced by the Israel-Hamas conflict which escalated into an outright war over the weekend. The crypto economy experienced a 1.8% dip against the U.S. dollar on the same day. Meanwhile, the onset of...

Bitcoin Price Prediction: BTC Stabilizes at $27,800: OpenAI CEO Praises BTC; Putin Forewarns US Dollar Collapse

9.10.2023
Bitcoin is currently trading at $27,955, experiencing a marginal 0.25% decline on Monday. In a notable development, the CEO of OpenAI has lauded Bitcoin as the "super logical" step on the tech tree, highlighting its significance in the evolving technological landscape. ... Read More: Bitcoin Price...

War, CPI and $28K BTC price — 5 things to know in Bitcoin this week

9.10.2023
Bitcoin prepares for a testing macro week as geopolitical uncertainty injects volatility into gold, oil and the U.S. dollar — BTC price action has yet to react

Russian President Putin Says US Dollar-Based Global Financial System Is Collapsing

8.10.2023
Russian President Vladimir Putin has stated that the U.S. dollar-based global financial system is gradually collapsing. “After all, a currency is a derivative of the power of the economy of the country that issues this currency,” Putin noted, emphasizing: “The share of...

3 reasons why Ethereum price can't break $2K

7.10.2023
A bearish Ethereum fractal meets lower network activity as Ether's price struggles to break above $2,000

American Economist Jeffrey Sachs Heralds End of Dollar Hegemony: ‘Central Bank Digital Currencies Will Become the Basis of Payments’

7.10.2023
Jeffrey Sachs, an American economist and best-selling author, has stated that the end of the dollar’s hegemony is near and that central bank digital currencies (CBDCs) will become the basis of cross-border settlements. For Sachs, the abuse of the U.S. dollar as a geopolitical weapon is one...

SBF’s Multi-Million Dollar Jets Set for Forfeiture

6.10.2023
Embattled founder and CEO of defunct exchange FTX Sam Bankman-Fried (SBF) is on the cusp of suffering another series of major losses. According to a court document submitted to the Southern District of New York, his multi-million dollar private jets are on the verge of being forfeited. The...

Argentine Peso Reaches Record Lows After National Digital Currency Push

5.10.2023
The Argentine peso reached record lows Wednesday after the economy minister and presidential candidate Sergio Massa proposed issuing a national digital currency. The informal blue exchange rate rose to 850 pesos per dollar, later retracing to 843 pesos per greenback. Massa stated he would send...