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The US cannot afford to lose the dollar’s reserve currency status as the reaction would be devastating for the economy. The White House, the Federal Reserve, the US Treasury, and all other institutions will face scrutiny. The major impact will be felt by American businesses and the general public, as inflation is expected to soar across the homeland. The development would lead to job cuts and a stock market crash that would make 1928 feel like a child. BRICS is trying hard to topple the US dollar and replace it with local currencies. Also Read: BRICS vs G7: Who Is Richer in 2025? BRICS: Here’s What Will Happen If the US Dollar Loses Its Reserve Currency Status Source: News18.com Demand For the US Dollar Will Drop Not just BRICS, but all developing countries will stop buying the US dollar and avoid keeping it in their reserves. Emerging economies will use their national currencies for trade settlements and strengthen their GDP. Local currencies will start surging in the forex...

In a moment that continues his stance against the head of the Federal Reserve, US President Donald Trump has called on Fed Chair Jerome Powell to lower interest rates. Indeed, the commander in chief took to his Truth Social platform to levy a slew of criticisms and concerns toward the bank head while calling him a “major loser.” Powell has emerged as the object of Trump’s disdain over the last week. His disapproval of the Federal Reserve’s actions so far has led the president to seek out whether he has the ability to fire the chairman. Specifically, he recently added that his termination “couldn’t come fast enough.” JUST IN: President Trump says Fed Chair Jerome Powell is a "major loser." pic.twitter.com/mp7M3n08kh — Watcher.Guru (@WatcherGuru) April 21, 2025 Also Read: Jerome Powell Just Warned of Market Crash: Too Soon to Cut Rates Trump Calls Out Fed Chair Powell Amid Bid to Get Interest Rates Cut The United States economy has found itself i...

Amid the ongoing rise of the leading cryptocurrency, Texas has filed a bill to establish a strategic Bitcoin reserve for the state. Texas Representative, Giovanni Capriglione, officially introduced the game-changing legislation that would allow the state to hold BTC. The co-founder of the Satoshi Action Fund, Dennis Porter, confirmed the bill in an X (formerly Twitter) Space. Moreover, the state looks to be one of 10 that are currently seeking to establish a Bitcoin reserve of their own. According to Porter, passing the legislation at the state level is key for a federal reserve to be established. I can confirm that the state of Texas has filed a bill to officially establish a ‘Strategic Bitcoin Reserve’. History was made as this was the first time a bill was filed live on X Spaces. Congrats to @VoteGiovanni for his leadership on Bitcoin. pic.twitter.com/uorZoRgXsC — Dennis Porter (@Dennis_Porter_) December 12, 2024 Also Read: BlackRock Says Up To 2% Bitcoin Allocation is ‘Reasona...

Investors are currently focused on the potential Federal Reserve interest rate cut and how the monetary policy will likely impact the price trajectory of major assets such as Bitcoin (BTC). Indeed, Bitcoin has recently seen its price drop below the $60,000 mark, driven by concerns regarding the economy’s general health. The rate cuts are viewed as a potential course-altering move, especially amid recessionary fears. Regarding how Bitcoin will likely react, cryptocurrency trading expert Trading Shot outlined possible scenarios for the maiden digital asset in a TradingView post on September 11. The expert focused on the correlation between the Global Liquidity Index (GLI) and Bitcoin’s price trajectory. Picks for you DIA Oracles integrates with Stacks to strengthen Bitcoin DeFi 1 hour ago ...

At the Plan B Forum in Switzerland, Rikki and David from the Bitcoin Explorers Project shared their observations on cryptocurrency adoption in Turkey and Lebanon, countries currently grappling with severe inflation . Crypto in Turkey Rikki described the rampant inflation plaguing Turkey, with prices rising 60% annually, according to official statistics, and possibly more unofficially. He recounted seeing locals lining up to exchange Turkish lira for US dollars and gold to preserve their purchasing power. You might also like: Turkey sees rise in adult crypto investors, report reveals Rikki also showed images of Bitcoin ATMs and shops accepting cryptocurrency in Istanbul, evidence of growing Bitcoin (BTC) adoption. However, he noted usage may still be limited, as the Turkish government banned cryptocurrencies for payments in April 2021. Crypto in Lebanon The explorers then turned to Lebanon, where inflation has skyrocketed to over 250% amid a major economic crisis. Rikki...

The eighth episode of Cointelegraph’s Crypto Trading Secrets podcast welcomed trader and investor Chris Dunn for an interview. Cointelegraph has released Episode 8 of its Crypto Trading Secrets podcast, featuring an interview with trader, investor, podcaster and YouTuber Chris Dunn, who touts experience in mainstream markets as well as about 10 years of activity in the crypto space. The trader and investor answered questions asked by host Benjamin Pirus during the episode’s March 14 recording, giving his opinions on the role Bitcoin (BTC) plays as an asset and why he thinks people are willing to buy the coin, plus much more. Dunn mentioned that he thinks COVID-19 got mainstream, non-crypto folks to ponder the United States money system, including questioning how the government can create trillions of dollars and whether or not to trust the U.S. dollar. “Then kind of the second thing is, okay, we’ve got some bank failures happening right now. We’ve got inflation going through the ro...

It could be a testing few weeks for Bitcoin and risk assets, market commentators say, with Fed Chair Jerome Powell due to kick off the triggers on March 8. Bitcoin (BTC) failed to react at the March 6 Wall Street open as consensus formed around a potential violation of $20,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $19,000 BTC price is "breakdown target" Data from Cointelegraph Markets Pro and TradingView tracked a limp BTC/USD as it clung to $22,400 at the time of writing. Motionless throughout the weekend, the pair offered few trading opportunities as concerns built up over the impact of forthcoming macroeconomic data from the United States. $BTC 4-Hour Good luck trading this. pic.twitter.com/nc99kF8HbS — The Wolf Of All Streets (@scottmelker) March 6, 2023 Specifically, the February print of the Consumer Price Index (CPI), due March 14, is expected to be "hot," or above expectations, analyst Venturefounder said. "New Bitcoin higher l...

Bitcoin gets a boost from a declining U.S. dollar, but BTC price action is anything but straight bullish, say analysts. Bitcoin (BTC) starts its first full week of December at three-week highs as bulls and bears battle on. After a weekly close just above $17,000, BTC/USD seems determined to make the most of relief on stocks and a weakening U.S. dollar. As the United States gears up to release November Inflation data, the dollar looks to be a key item to watch as BTC price action teases a recovery from the pits of the FTX meltdown. All may not be as straightforward as it seems — miners are facing serious hardship, data shows, and opinions on stocks’ own ability to continue higher are far from unanimous. As the end of the year approaches, will Bitcoin see a “Santa rally” or face a new year nursing fresh losses? Cointelegraph presents five areas worth watching in the coming days when it comes to BTC/USD performance. Bitcoin traders diverge over “Santa rally” Light relief for Bitcoin bull...

Although rare, real-world blockchain utility does exist, now evidenced by one company’s efforts to reduce transactional fees in supply chains. The world is quick to blame inflation for the rising prices at grocery stores and retailers. This was the #1 political issue for recent Election Day voters in the United States. For example, media sources recently reported poll data that 85% of Americans could not afford to spend $200 on a Thanksgiving meal in November 2022, and only 25% could afford $100. However, few recognize inflation is only part of the problem. Higher costs for products and services are also directly attributable to settlement fees paid by transportation providers who are forced to take out the equivalent of payday loans against their freight invoices. Shipper payment terms in the transportation industry are known to be egregious, and most transportation carriers cannot afford to wait 30–180 days to get paid. When a carrier factors, it pledges the collection rights in its...