BTC price cools on latest US data as Bitcoin liquidates $80M in shorts
Bitcoin price shies away from $25,000 with questions over inflation combine with a resurgent U.S. dollar.
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Bitcoin price shies away from $25,000 with questions over inflation combine with a resurgent U.S. dollar.
Tether’s USDT has seen its market capitalization rebound to nearly $70 billion as the SEC ordered Paxos to stop issuing BUSD, the third-largest stablecoin.
The U.S. Dollar Index (DXY) is gaining ground more rapidly than Bitcoin after fresh economic data surprises from Washington.
A slew of technical, fundamental and on-chain indicators hint at more pain for BNB’s price in February.
The Binance CEO claimed that algorithmic USD stablecoins may become more popular as well, although they “have risks.”
Bitcoin bulls struggle to influence the trend as CPI nerves combine with already weak low-timeframe performance.
The announcement came without warning two days in advance, but it does not apply to Binance.US users, so only 0.01% of active users will be affected.
Bitcoin price gains take a hit from a rising U.S. dollar as excitement over the Fed's rate hike and market commentary fades.
The second best January on record for BTC price action comes face-to-face with differing opinions on U.S. economic policy.
As Bitcoin remains well-positioned for a steady recovery, the mining industry witnessed a 50% growth in revenue in terms of US dollars.