2021-3-17 13:41 |
Investors should reduce dollar exposure, the billionaire says, as MicroStrategy's Michael Saylor describes Bitcoin as the "obvious solution."
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Earlier today, Bitcoin broke through to yet another ATH (all-time high) when its price reached 71,815. 00 – and then most recently 72,000 – to the US dollar. According to Invezz. com‘s findings, this indicates that Bitcoin, with a market capitalization of $1.
2024-3-11 14:58 | |
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As Bitcoin builds support in a range and looks to break out on bullish fundamentals, the recent dollar rally might derail the momentum. That, as well as an FOMC preview and long term forecast.
2023-9-27 21:30 | |
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The announcement made by Democratic Presidential Candidate Robert F. Kennedy Jr. to back the US dollar with Bitcoin and exempt investors from capital gains taxes on Bitcoin profits is a bold and innovative proposal in the realm of cryptocurrency policies.
2023-7-20 09:45 | |
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Democratic Presidential Candidate Robert F. Kennedy Jr. articulated specific Bitcoin-focused policies, including backing the U.S. dollar with bitcoin, at a recent campaign event.
2023-7-20 01:15 | |
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The dollar continues to get hammered. After dominating virtually every currency throughout the COVID pandemic, the DXY index, which measures the strength of the greenback against a basket of major currencies, hit a twenty-year high in Q4 of last year.
2023-7-20 15:48 | |
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Presidential candidate Robert F. Kennedy Jr. revealed plans to back the U. S. Dollar with Bitcoin (BTC) and exempt the flagship digital asset from capital gains tax while speaking at a July 18 Heal-the-Divide PAC event.
2023-7-19 11:31 | |
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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.
2023-7-14 13:09 | |
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Bitcoin's rising prominence in the global financial landscape signals a potential shift in the balance of power, as the US dollar faces increasing challenges from rival currencies and digital assets.
2023-4-27 18:58 | |
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Persistent inflation and a strong labor market create conditions for more Fed rate hikes in 2023, which may push Bitcoin down against the U.S. dollar.
2023-3-3 15:15 | |
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ARK report predicts trillion dollar future for Bitcoin. Positive sentiment among investors and traders suggests a bright future for the king coin. The recent surge in the price of Bitcoin haThe post Bitcoin's trillion dollar dream: Decoding if it can be a reality appeared first on AMBCrypto.
2023-2-6 09:30 | |
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Nigerians are paying a premium, but probably more for the U.S. dollar than for bitcoin, an analyst told CoinDesk.
2023-2-3 19:34 | |
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The United States government is likely to back the dollar with bitcoin in order to protect its status as issuer of the global reserve currency.
2022-10-31 05:00 | |
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Bitcoin and the broader crypto market are struggling to stay above their June lows due to renewed strength from the dollar. BTC Down as DXY Rallies Bitcoin is battling against...
2022-9-24 20:12 | |
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China’s banks face insolvency risks with widespread mortgage boycotts. The U.S. dollar is strengthening and bringing bitcoin down in the process.
2022-7-22 05:00 | |
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On a zoomed-out scale, the U.S. dollar has been rapidly inflating against bitcoin since the time one bitcoin reached parity with one dollar in 2011.
2022-6-13 17:00 | |
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Strong euro and overbought readings could pressure the dollar further, showing signs of topping out — Bitcoin at risk of falling.
2022-5-27 11:11 | |
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Bitcoin price is still in a short-term downtrend. Meanwhile, the dollar has gone completely parabolic in the face of Fed monetary policy tightening and record-setting inflation numbers. The spike in the DXY has reached the 103 level and at the same time touched a trend line that has in the past kicked off some of […]
2022-4-27 18:34 | |
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Lightning Labs' Taro has caught the attention of many Bitcoin enthusiasts for the potential it has and what Lightning Labs are selling, stating Taro will help in Bitcoin-izing the dollar since BitcoinThe post Will Lighting Lab's dream to make dollar backed by Bitcoin's liquidity come true appeared first on AMBCrypto.
2022-4-11 08:00 | |
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The U.S. dollar index could rally further in the coming weeks, which is typically bad news for Bitcoin.
2022-4-8 21:20 | |
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Comparing Bitcoin to a brand and looking at how Apple became larger than Coca-Cola can give us a glimpse into how Bitcoin will overtake the dollar.
2022-3-26 01:30 | |
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Bitcoin regained its bullish bias after reclaiming $50,000 ahead of the yearly close, even its safe-haven rival, the U.S dollar, signaled continued upside strength in the coming sessions.
2021-12-28 18:10 | |
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Rising jobless claims in the U.S. sparked sell-offs in the dollar market. On the other hand, Bitcoin held onto its intraday gains.
2021-10-2 11:12 | |
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The biggest U.S. and European banks oppose strict new rules that would require them to set aside a dollar in capital for every dollar of bitcoin they own.
2021-9-22 22:20 | |
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The International Monetary Fund (IMF) has voiced its displeasure on El Salvador’s move to become the first country in the world to adopt Bitcoin as legal tender. The law puts Bitcoin on equal footing with the US dollar in the country, which adopted the dollar as its official currency 20 years ago.
2021-6-11 17:25 | |
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Peter Schiff, CEO of Euro Pacific Capital and a well-known critic of Bitcoin, went full-on doomsayer mode yesterday with predictions of everything collapsing—the United States dollar, the American economy, and, of course, Bitcoin (BTC).
2021-5-1 22:00 | |
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Bitcoin price closed the historically red month of March not only in the green, but with the largest dollar for dollar gain on in the cryptocurrency’s short history. Unfortunately, despite how strong the ongoing bull trend has been during the first quarter of the year so far, the quarterly candle which ended alongside March, also […]
2021-4-2 23:00 | |
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Bitcoin is back trading at prices it began the month at, wiping out most of the current monthly candle. Ahead of a dangerous quarterly close, and amidst several bearish signals in the top cryptocurrency, the dollar is currently regaining strength and is a large factor in the recent market-wide selloff.
2021-3-26 19:06 | |
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The chairman of the US Federal Reserve, Jerome Powell, believes that Bitcoin is closer… The post Bitcoin is a substitute for Gold — not the dollar: Fed Chair appeared first on Coin Journal.
2021-3-24 14:06 | |
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Bitcoin fell more than 0.5 percent on Monday after a rebound in US Treasury yields, and the US dollar index manipulated traders' short-term appetite for the cryptocurrency.
2021-3-15 10:26 | |
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The classic inverse correlation between the U.S. dollar and Bitcoin is nowhere to be seen as all-time highs come closer and closer.
2021-3-10 15:40 | |
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Bitcoin fell wildly last week as the US dollar capitalized on rising Treasury bond yields.
2021-3-1 10:39 | |
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The US dollar has performed fairly better against the booming risk-on sentiment that has witnessed the S&P 500, the Dow Jones, the Nasdaq Composite, and even Bitcoin achieve their respective record highs.
2021-2-17 09:09 | |
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Morgan Stanley’s chief global strategist says that “regardless of where the price of bitcoin goes next, cryptocurrencies are here to stay as a serious asset class. ” He added that bitcoin is making progress towards replacing the dollar as a medium of exchange.
2021-2-15 19:30 | |
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The DNA that underpins bitcoin and the dollar sets these assets on diverging paths, creating incentive to borrow dollars and buy bitcoin. The post Asset DNA: Explaining Bitcoin’s Speculative Attack On The Dollar appeared first on Bitcoin Magazine.
2021-2-9 00:30 | |
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Bitcoin price has pulled back slightly but only after a more than 15% climb back toward previous highs. Thus far, a clean breakout has yet to arrive, but unseen by the naked eye, something important is going on in the relationship between Bitcoin and the dollar.
2021-2-4 19:34 | |
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Bitcoin prices jumped during the European trading session on Monday even though traders assessed the potential of its massive declines against a stronger US dollar. The flagship cryptocurrency topped at $31,935, up 5 percent ahead of the New York opening bell.
2021-1-28 16:00 | |
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Bitcoin prices fell for the third consecutive session on Tuesday as a stronger US dollar countered the US Senate's approval of a long-pending coronavirus stimulus package.
2020-12-23 11:36 | |
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Bitcoin underwent a strong plunge yesterday evening to $17,700. The cryptocurrency crashed as the stock market faced a correction and as the U. S. dollar showed a bit of strength after a brutal showing over the past few weeks.
2020-12-11 01:00 | |
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Whistleblower Edward Snowden, a Bitcoin advocate, tweeted on Monday, “Today I learned the dollar had lost 99. 93% of its value since 2013 (relative to Bitcoin). ” Recently, Crypto Twitter also called on President Donald Trump to grant clemency to Snowden, activist Julian Assange, and Silk Road founder Ross Ulbricht.
2020-12-7 21:12 | |
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But over the past few weeks, and ever since April really, the U. S. dollar has been in a steep decline. Many in the cryptocurrency space and in the broader investment world see this as a win for alternative currencies such as gold and even Bitcoin.
2020-12-5 21:30 | |
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The price of Bitcoin (BTC) rose to $13,900 after declining to sub-$13,500 on the day. The catalyst behind BTC’s abrupt rally was likely the decline of the U. S. dollar, which fell after the election day.
2020-11-5 19:14 | |
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Analysts warn that U.S. dollar could return to its 2018 lows as Bitcoin fundamentals steam to new records this week.
2020-10-12 11:03 | |
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Comparison between Bitcoin and the U.S dollar is an unavoidable plot in the current financial industry. With the increased interest in the Bitcoin market, the asset is currently more defined and crediThe post How long will the US dollar call the shots with Bitcoin? appeared first on AMBCrypto.
2020-9-29 17:30 | |
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MakerDAO has voted not to compensate victims of the "Black Thursday" flash crash, a former Pantera partner is launching a new crypto-focused fund and bitcoin may be headed to the doldrums as the U.S. dollar rises.
2020-9-25 18:35 | |
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The common narrative shared over recent months is that Bitcoin is adversely affected by increases in the value of the U.S. dollar. Case in point: when the dollar began to spike in February and March, BTC began to tumble lower, as did the S&P 500 and the price of gold. More recently, when Bitcoin topped […]
2020-9-24 02:59 | |
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Sell-off in the U.S. dollar and ether's price rally power gains in bitcoin.
2020-9-1 16:11 | |
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Bitcoin bulls should buckle up as the cryptocurrency prepares for a rally towards its 2019 high at near $14,000. The expectations of a $2,000-plus jump come as Bitcoin maintains an inverse correlation with the US dollar since March 2020.
2020-8-31 12:24 | |
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In a week that will see the world central bankers convening a virtual conference on the future of the economy, Bitcoin is rising. The benchmark cryptocurrency kicked off Monday with modest gains against the US dollar.
2020-8-24 16:02 | |
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Bitcoin, Ethereum, gold, stocks, and nearly every other asset on the planet trades against the almighty dollar. Its role as the global reserve currency is an exhausting one, often showing moments of weakness when times get tough.
2020-8-22 18:03 | |
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The IRS published a draft version of its 1099-DA reporting form and controversially included unhosted crypto wallets among its targets on April 19. Ji Kim, Chief Legal and Policy officer at the Crypto Council for Innovation, wrote that the IRS’ approach is “unfortunate” as it does not recognize that unhosted wallet providers lack knowledge about […] The post IRS draft tax form for crypto defines unhosted wallets as brokers appeared first on CryptoSlate.
IRS criminal investigation chief Guy Ficco told CNBC on April 12 that taxpayers are increasingly committing tax crimes involving crypto. Ficco said the IRS has seen an increase in “pure crypto tax crimes” that fall under Title 26 of the US Code, which includes federal income tax violations.
Earnings already subject to the 15% capital gains tax don't need to be included when calculating income taxes.
The Biden administration released its proposed budget for 2025 on March 11, which includes provisions to implement a series of regulatory measures targeting digital assets. The proposed rules are expected to generate nearly $10 billion in additional tax revenue by 2025.
Indonesia witnessed a notable downturn in its crypto tax revenue in 2023, plunging by 62% compared to the previous year, despite the surge in Bitcoin's value.
In a strategic move ahead of the upcoming general elections, South Korea’s ruling party, the People Power Party (PPP), has announced plans to push for a further two-year delay in the implementation of crypto taxation, local media reported Feb.
The Brazilian Senate has approved a new taxation policy, effective Jan. 1, imposing up to a 15% tax on earnings from crypto held in foreign exchanges.