Wagers on stronger US dollar rise to highest level since 2018

The resurgence of the US dollar could destabilize global markets, impacting foreign investments and posing challenges for crypto assets. The post Investors pile into bullish dollar bets as US exceptionalism trade returns appeared first on Crypto Briefing.

Taiwan's exploration of Bitcoin as a reserve asset could influence global reserve strategies, potentially impacting cryptocurrency markets significantly. The post Taiwan’s central bank discusses Bitcoin as a potential reserve asset amid push to diversify from US dollar appeared first on Crypto Briefing.

Dogecoin started a fresh increase from the $0.0850 zone against the US Dollar. DOGE is now facing hurdles near $0.090 and might aim for a larger rally. DOGE price started a decent upward move above $0.0850 and $0.0880. The price is trading above the $0.0870 level and the 100-hourly simple moving average. There is a bullish trend line forming with support at $0.0870 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could continue to move up if it stays above $0.0850. Dogecoin Price Faces Hurdles Dogecoin price remained supported above the $0.0850 zone and started a fresh increase, like Bitcoin and Ethereum. DOGE climbed above the $0.0865 and $0.0870 resistance levels. The price gained over 2% and tested the $0.0890 zone. There was a move above the 38.2% Fib retracement level of the downward move from the $0.0920 swing high to the $0.0855 low. Besides, there is a bullish trend line forming with support at $0.0870 on the hourly chart of the DOGE/USD pair. Dogec

China's digital yuan evolution could reshape global financial systems, challenging US dollar dominance and altering international trade dynamics. The post China develops digital payments system to challenge US dollar dominance appeared first on Crypto Briefing.

The dollar's rise amid Middle East tensions could tighten global financial conditions, impacting emerging markets and US multinationals. The post Traders turn most optimistic on US dollar in over a year as Middle East tensions fuel safe-haven demand appeared first on Crypto Briefing.

Solana failed to stay above $67 and corrected some gains. SOL price is moving lower and might aim for another increase if it stays above $63.00. SOL price started a downside correction below $66 against the US Dollar. The price is now trading below $65 and the 100-hourly simple moving average. There was a break below a bullish trend line with support at $66 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could extend losses if it dips below the $63 zone. Solana Price Dips Again Solana price failed to stay above $67 and started a downside correction, like Bitcoin and Ethereum. SOL dipped below $66 and $65 to enter a short-term bearish zone. There was a move below the 50% Fib retracement level of the upward wave from the $60.12 swing low to the $67.90 high. There was a break below a bullish trend line with support at $66 on the hourly chart of the SOL/USD pair.  The price even tested the $63.20 support. Solana is now trading below $65 and the 100-hourly simple

Prolonged energy disruptions could exacerbate inflation, impact crypto markets, and strengthen the US dollar, affecting global economies. The post US Energy Secretary Wright warns restoring normal energy flows will take ‘many months’ appeared first on Crypto Briefing.

The dollar's rise and Fed speculation could tighten financial conditions, impacting global markets and cryptocurrencies amid inflation concerns. The post US dollar hits two-month high amid Fed rate hike speculation appeared first on Crypto Briefing.