Will the USD Hold Up as the Global Reserve Currency?

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USD

The USD is a global reserve currency. Therefore, while many currencies weaken during times of crisis, the US Dollar not only stays put but grows stronger. This has been happening over and over, so it’s expected that in the coronavirus recession, USD should behave the same way. And it does stand strong at the moment. However, the long-term forecast for this currency isn’t so bright. It’s quite possible that with the rise of digital payments in the pandemic, a crypto reserve currency is in our future.

Is the USD Truly Weakening in the Coronavirus Crisis?

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A Crucial Bitcoin Indicator Just Broke Out After an 8-Week Correction

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Bitcoin has been subject to a healthy rally over the past day. After moving below $9,000 on the weekend in a move that scared bulls, BTC now trades at $9,300. This is a few basis points below the daily high of $9,400. While the cryptocurrency remains below the $9,500 resistance, an analyst says that a crucial indicator just underwent a crucial breakout. A Bitcoin Indicator Just Saw a Crucial Breakout Bitcoin has benefited over the […]

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