Altcoin News Official Today TheBitTimes.com

The phenomenon of de-dollarization is now taking a new turn. With Donald Trump assuming the role as the 47th US president, his stark governance policies that aim to bolster the US dollar might consist of a few offshoots. These so-called “offshoots” can be defined as policies that may ultimately boost the dollar but in the end may end up backfiring, alienating the American currency in the process. If the US dollar wobbles and falls, these 5 currencies might be the first to take a major hit. But before that, why is de-dollarization still advancing at rapid pace? Also Read: Shiba Inu: SHIB Fear & Greed Index Hits 76, To Claim $0.0004: Here’s When Why Is De-Dollarization Still Leveling Up? Source: Watcher Guru The de-dollarization narratives are primarily aimed at ditching the US dollar and removing the status of the dollar as the leading reserve currency. This phenomenon is now catching pace as the world is now pivoting towards a new financial order, called the “multipolar currency na...

The panic over a potential US recession has caused a massive downturn to take place across global markets. The development has led to five trading platforms reportedly going down as the market issue persists throughout the country. Fidelity, Vanguard, and TD Ameritrade are among the downed platforms. Both Wall Street and the crypto market have faced a Black Monday in early August. Crypto investments have seen $528 million in outflows take place, according to CoinShares, as a US economy slowdown becomes more likely. Subsequently, the rabid response has affected operations across the country. JUST IN: The following trading platforms are reportedly down: • Charles Schwab • TD Ameritrade • Vanguard • E-Trade • Fidelity — Watcher.Guru (@WatcherGuru) August 5, 2024 Also Read: S&P 500: Almost $2 Trillion Wiped Out as Market Opens US Stock Market Fall Has Five Trading Platforms Down Wall Street has struggled as global market’s panic amid the US economy’s uncertain fate. W...

In what is certainly crucial data for the economy’s direction, US inflation has fallen to 3.4%. Indeed, the CPI report has continued an 11-week trend of data arriving above 3%, with traders not optimistic that the figure will fall below that number any time soon. The development plays a vital role in the direction of the Federal Reserve. Specifically, the central bank is carefully observing these reports to inform their inaugural interest rate cut for 2024. They have consistently affirmed that those cuts were coming; however, they have not set a timetable for when they could arrive. BREAKING: US inflation falls to 3.4%. — Watcher.Guru (@WatcherGuru) May 15, 2024 Also Read: President Biden Says Inflation Data May Delay Interest Rate Cuts US Inflation Stays Above 3% for April Heading into 2024, the US economy had anticipated interest rate cuts at several points. Over the past two years, the Federal Reserve has engaged in an unrelenting tightening c...

The winds of change are now supporting the US dollar, as the American greenback has emerged victorious amid the recent brewing currency wars. The new currency contenders, including the Kenyan Shilling and Nigerian Naira , are losing their strength against the USD , tanking to new lows in the latest development. Also Read: US Dollar Hammers Chinese Yuan, Indian Rupee & Japanese Yen KSH and Naira Hit New Lows Against the USD Image Source: Watcher Guru The Kenyan shilling, which was outperforming the dollar in March and early April, has now taken a stark turn. KSH is currently being exchanged at 131.44 shillings, noting a significant low against the USD in recent times.  “Data from the Central Bank of Kenya shows that one dollar was exchanging at 131.44 shillings by the end of last week, representing a fifth straight day of weakening for the local unit since April 11.” Additionally, the rise of KSH has been dubbed temporary. It has been referred to as a weak ...

Despite encountering several setbacks and economic meltdowns, the US economy continues to make robust progress. The US economy has recently been dubbed the most resilient. It has been labeled robust primarily due to its strong labor market and failing inflation rates.  As per BBC, the US economy reported a serious 3.3% GDP growth in the fourth quarter of 2023. The new data revealed has surpassed predictions made by economists earlier. The experts had earlier anticipated a GDP growth of 2% for the US economy.  Also Read: US challenges Saudi Arabia and Russia in Crude Oil Production US Economy: What Makes It a World Economic Leader? Source: Pexels While several countries around the world have reported flailing data and statistics in terms of economic progress, the US economy seems to be unfazed by the wrath of it all and has emerged as the ultimate winner.  A new BBC report has shared insights on why the US continues to dominate the world’s econ...