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  • Market Cap: $2,383,039,792,199.91
  • 24h Vol: $52,884,750,586.11
  • BTC Dominance: 56.64%

US Dollar

stablecoin-trading-dominates-monday’s-crypto-market,-tether-and-busd-sell-at-premiums

Stablecoin Trading Dominates Monday’s Crypto Market, Tether and BUSD Sell at Premiums

Leave a Comment / arbitrageurs, Bitcoin, Blockchain, BTC, BUSD, crypto economy, Crypto Hacked, crypto trading, Cryptocurrency, cryptocurrency market, cryptocurrency news, cryptocurrency prices, Cryptocurrency Trading, Curve, DAI, decentralized exchange, depegging, Digital Assets, ETH, Ethereum, Global Trade Volume, Market Activity, Market Capitalization, Market Updates, Premiums, Stablecoins, Tether, trade volume, Traders, Trading sessions, tusd, US Dollar, USDC, USDC Depeg, USDC repeg / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Monday, the crypto economy experienced significant market activity with $183.85 billion in global trade volume over 24 hours, with a large portion of those trades involving stablecoins. USDC traded near parity with the U.S. dollar, and several stablecoins, including tether and BUSD, sold at premiums. Tether reached a high of $1.04 per unit and […]

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USDC Dominated Trading Volume on Decentralized Exchanges Amidst Depegging Incident

Leave a Comment / Auto-Conversion, Binance, Bitcoin, BitPay, Coinbase, coingecko.com, Crypto, Crypto Hacked, Crypto.com, Cryptocurrency, Curve, DAI, decentralized exchange, depegging, DEX, Ethereum, FRAX, Global Trade Volume, GUSD, Kraken, KuCoin, Market Updates, MIM, Pancakeswap, Pancakeswap v2, Payment processor, Stablecoin, Stableswap, Tether, trading, uniswap, uniswap v3, US Dollar, USDC, wrapped ether / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Saturday, several centralized crypto trading platforms and payment processors stopped USDC auto conversions. However, USDC experienced a significant trading volume on decentralized exchange (dex) platforms such as Uniswap, Curve, and Pancakeswap. Uniswap alone recorded $10.13 billion in trades over the past day, with more than 55% of those swaps involving USDC against wrapped ether,

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South African Rand Plunges to New 2023 Low Versus the US Dollar

Leave a Comment / Africa, Bitcoin, Crypto Hacked, Cryptocurrency, cyril ramaphosa, electricity shortages, Ethereum, FATF grey list, Kgosientsho Ramokgopa, rand depreciation, US Dollar / / / , , , , , ,

Just a few weeks after tapping its best exchange rate versus the greenback in 2023, the South African rand fell to a new 2023 low of 18.636 local currency units for every dollar on March 7. South Africa’s power shortages as well as the country’s recent grey-listing by the Financial Action Task Force (FATF) are

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India-Russia Oil Deals Chip Away at Dollar Dominance in International Trade

Leave a Comment / banking sources, Bitcoin, BRICS Nations, Crude Oil, Crypto Hacked, Cryptocurrency, Currency Exchange, Daniel Ahn, discounted prices, economic power, Economic sanctions, Economics, emerging economies, energy markets, energy security, Ethereum, European petrol stations, financial transactions, Foreign Policy, former chief economist, geopolitical risks, global oil trade, India, international oil trade, non-US denominated fiat currencies, oil deals, oil traders, reserve currency, Russia, trade agreements, transitory gains, UAE dirham, United Arab Emirates, US Dollar, US State Department, western sanctions / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

On Wednesday, Reuters reported that Western sanctions on Russia and oil trading between Moscow and India have started to erode the dollar’s decades-old dominance of international oil trade. The oil deals between India and Russia have been settled in other currencies, putting the U.S. dollar’s dominance in the oil trade under pressure. Sources Say Non-U.S.

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Silver Proponent Predicts Medium-to-Long-Term Prices of $125 Per Ounce Thanks to Auto Industry

Leave a Comment / 100 million ounces, 160 million ounces, auto manufacturers, automobile industry, Bitcoin, BMO Global Metals, bullish outlook, car batteries, ceo, Challenges, coinpriceforecast.com, consumption, Crypto Hacked, Cryptocurrency, Economics, Education, electrical automotive sector, Elon Musk, estimated consumption, Ethereum, First Majestic Silver, forecast, growth, industry, Keith Neumeyer, Kitco News, medium-to-long-term, Michelle Makori, mid-January, Mining, modest forecasts, Ounce of Silver, precious metal, Reality, reasonable expectation, silver, Silver Prices, solar panels, stars are aligning, supply-demand fundamentals, Tesla, triple digits, troy ounce, upcoming year, US Dollar / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Silver prices have been hovering just below the $21 per troy ounce mark over the last 24 hours, after jumping above the $24 range in mid-January. While long-term and modest forecasts expect silver to hit $30 by 2025 and $40 by 2027, Keith Neumeyer, CEO of First Majestic Silver, thinks medium to long-term, silver could

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BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance

Leave a Comment / Altcoins, Asset, Asset Management, Binance, Binance BUSD, Bitcoin, Blockchain, BUSD, Circulation, CoinGecko, Crypto, Crypto Hacked, Cryptocurrency, Decentralization, Digital Currency, dogecoin, Dominance, Ethereum, Exchange, Fiat, Market Cap, Parity, Paxos, Portfolio, redemption, Stablecoin, stablecoin assets, Stablecoins, Tether, Top Ten, trading, Trading Volume, Turkish Lira, US Dollar, USDT / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of the top ten crypto assets by market capitalization, slipping below dogecoin’s valuation with a market cap of around $11.12 billion, compared to the meme

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Metaverse, AI, and Liquid Staking Tokens Lead Year-to-Date Crypto Asset Gains Among Top 125

Leave a Comment / Artificial Intelligence, Binance Smart Chain, Bitcoin, Blockchain, crypto assets, Crypto Hacked, crypto market, Cryptocurrency, Decentralized, Digital Assets, Digital Currencies, Ethereum, Ethereum Name Service, Fetch.AI, Financial Technology, Gains, Greenback, investment, Lido, Liquid Staking, Losses, Market Capitalization, Markets and Prices, Monero, Okex, Quant Network, Rocket Pool, Singularitynet, Speculation, Tokens, trading, tron, trust wallet, US Dollar, USD, Value / / / , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

In 2023, the leading crypto assets, such as bitcoin and ethereum, have captured decent gains. Bitcoin has increased 17.2% over the last 30 days, and ethereum has risen 9.3% in the same timeframe. However, year-to-date statistics show that bitcoin is down 38.3%, and ethereum has lost 39.3% against the U.S. dollar. The following presents a

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US Inflation Remains Higher Than Expected, Raising Concerns Among Investors

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U.S. inflation levels dropped slightly in January, sliding from 6.5% to 6.4%. However, inflation remains higher than expected, causing concern among investors that the U.S. central bank will continue to hike the benchmark federal funds rate. Inflation in the US Remains High, Causing Uncertainty in Markets Inflation in the United States exceeded expectations among analysts

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Nouriel ‘Dr. Doom’ Roubini Warns About Demise of US Dollar

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Nouriel Roubini, an economist known as “Dr. Doom,” has warned about the demise of the U.S. dollar and the rise of a “bipolar” world. Roubini believes that the Chinese renminbi might be a substitute for the dollar, as new technologies like central bank digital currencies (CBDCs) and corporate payment rails contribute to a new landscape.

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US Dollar to Keep Losing Its Appeal as Safe-Haven Currency of Last Resort, Says Strategist

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Pacific Investment Management Company (PIMCO) expects the U.S. dollar to “continue to lose its appeal as the safe-haven currency of last resort.” The $1.74 trillion asset management firm added that the USD “is likely to fall further in 2023 as inflation falls, recession risks decline, and other shocks abate.” PIMCO Strategist Warns About USD Pacific

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