Analysis Crypto by Thebittimes.Com

De-dollarization efforts around the world have sparked debate about the future of global reserve currencies, yet the US dollar continues to maintain its dominant position in 2025. Despite challenges from rival currencies and also geopolitical tensions, the greenback shows remarkable resilience as the backbone of international trade and finance right now. Source: Reuters Also Read: GTA 6 Investment: $265M to $7.7B—Can GTA 6’s $2 Billion Investment Beat 29x ROI of GTA 5? Why the US Dollar Remains Dominant Despite De-dollarization Attempts Source: Watcher Guru The “Least Dirty Shirt” in Global Finance The US dollar’s supremacy has been questioned repeatedly over the decades, and yet it continues to defy doom-mongers. According to Paul Blustein‘s book “King Dollar: The Past and Future of the World’s Dominant Currency,” economic historian Charles Kindleberger declared the dollar “finished as international money” in the 1970s as U.S. inf...

During the 2024 presidential race, the discussion on a U.S. CBDC becomes more intense. Candidates’ contrasting views mirror wider concerns about privacy and government control. As of Jan. 2024, the situation regarding central bank digital currencies (CBDCs) in the U.S. is characterized by caution and gradual progression, especially when compared to the advancements made by other countries.  Currently, 11 countries have fully implemented digital currencies, while China, India, and several other countries are in the pilot phase. Source: Atlantic Council In the U.S., the development of a retail CBDC (direct-to-consumer) has seen little progress. However, there is forward movement on a wholesale CBDC, which focuses on bank-to-bank transactions.  Amid this, the Federal Reserve is approaching the idea of a digital dollar with a degree of caution. Fed Chair Jerome Powell expressed interest in a digital dollar in 2022 but also recognized the need for careful consideration ...

The banking crisis in the U.S. has led to aggressive buying in Bitcoin and select altcoins, which are nearing stiff overhead resistance levels. Three banks, Silvergate, Silicon Valley Bank and Signature collapsed within a span of a few days. That increased demand for United States government bonds, which sent the yield on the 2-year Treasury tumbling to 4.06%, a fall of 100 basis points since March 8. This was the largest 3-day decline since Oct. 22, 1987, following the stock market crash, when the yield fell 117 points. Although the Federal Reserve announced the formation of a $25 billion Bank Term Funding Program to support businesses and households, the regional banks are taking it on their chin on March 13. This shows that equities traders remain nervous. Daily cryptocurrency market performance. Source: Coin360 However, among all the mayhem, it is an encouraging sign to see Bitcoin (BTC) lead the cryptocurrency recovery from the front. Bitcoin climbed back above $24,000 on March ...