It is indisputable, the dollar is considered the “global currency” due to its wide usage in global savings, trading key commodities such as oil and issuance and settlement of debts. This might not be the case anymore with the massive disruptions brought about by digital currencies.
In the past 24 hours, Bitcoin (BTC), the market's number one digital currency, has continued to increase slightly, changing hands at around $7,788. Bitcoin may be preparing for another massive bull run like that happened sometime back.
A study has been published showing that issuing stablecoins such as Tether and Circle’s USD Coin (USDC), don’t cause the prices of other digital currencies like Ether, Ripple, etc. to surge. So far, there have been few sentiments in the cryptoasset industry that the connection between stablecoin issuance and digital currency price is large.
Recently, the US Democrats in the house of Representatives proposed two bills both leading to the creation of a digital version of the USD. The Dems say the bill is meant to empower personal income during the raging COVID-19 Crisis.
Multiple Bitcoin price falls on March 12 to $6,040 USD and another fall on March 13 to new lows of $4,563 totaled a 40% price decline in just 24 hours. Both falls were caused by massive and continuous Bitcoin sales.
Bitcoin is one of the most volatile financial assets of the 21st century. It took just 10 years for Bitcoin price to multiply in its value tens hundred times and to reach todays price of almost $10,000 USD.
The utilization of Artificial intelligence in trading bots has become so profitable and widespread in the last few years, and more than ever, people want to know how to save time checking the market situation manually.
BaseFEX, a professional cryptocurrency derivative trading platform, today announced the launch of the world’s first USDT-Settled Perpetual Contracts. BaseFEX offers pairs BTC/USDT with up to 100x leverage and ETH/USDT with up to 20x leverage.