How Cryptocurrencies Are Helping the US Dollar
Oct 5, 2022
For the past couple of weeks, the greenback has experienced a rally that has seen it achieve highs it hadn’t seen in two decades. The dollar’s surge in value came amid efforts by the U.S. Federal Reserve to forestall inflation. Over the past three months, the Fed has raised the benchmark interest rate by 0.75 basis points, and it has signaled that there may be even more interest rate hikes as the risk of inflation increases.
The dollar’s surge has threatened a long-held idea among crypto enthusiasts that digital tokens such as Bitcoin posed a significant threat to the dollar’s global dominance. The current rally in the greenback prices has shown that rather than undermine the dollar, cryptocurrencies seem to be helping the…
About CryptoCurrencyWire
CryptoCurrencyWire (“CCW”) is a financial news and content distribution company that provides (1) access to a network of wire services via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible, (2) article and editorial syndication to 5,000+ news outlets, (3) enhanced press release services to ensure maximum impact, (4) social media distribution via IBN (InvestorBrandNetwork) to nearly 2 million followers, and (5) a full array of corporate communications solutions As a multifaceted organization with an extensive team of contributing journalists and writers, CCW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, CCW brings its clients unparalleled visibility, recognition and brand awareness. CCW is where news, content and information about crypto converge.
To receive instant SMS alerts from CryptoCurrencyWire, text “CRYPTO” to 844-397-5787 (U.S. Mobile Phones Only)
For more information, please visit https://www.CryptoCurrencyWire.com
Please see full terms of use and disclaimers on the CryptoCurrencyWire website applicable to all content provided by CCW, wherever published or re-published: https://CCW.fm/Disclaimer
CryptoCurrencyWire (CCW)
New York, New York
www.CryptoCurrencyWire.com
212.994.9818 Office
[email protected]
CryptoCurrencyWire is part of the InvestorBrandNetwork.
Recommended
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.
More News
Alaska Senate candidate at center of Democrat sabotage plot flees town as neighbors expose his 'hoax' campaign and criminal probe intensifies
Daniel J Sullivan, doppelganger of Republican incumbent Dan S Sullivan, disappeared from the tiny fishing town of Petersburg where he lives earlier this week.
Trump says US looking into Binance hack: 'We don't know' if North Korea responsible
President Trump said Friday his administration is looking into the $6.3 billion hacking of the cryptocurrency exchange Binance, the largest such hack on record. “We don’t know,” Trump said in the Oval Office when asked if the hack should be attributed to a suspected North Korean hacker group. “We’re looking at that,” he continued. TraderTraitor,...
Horrors inside the 15-year cruise from hell that left passengers stranded in Cambodia: Swinging couples, deaths... and alleged demands from crew for money as situation got 'critical'
The Daily Mail can now reveal that life on board the ship was for some time not as rosy as Villa Vie claimed it to be, raising serious questions over its management.
Are you terrified you've left it too late? Shocked by your lack of inspiration? Read our EXPERT make-up artist easy tips, tricks and last minute costume ideas to help you avoid a Halloween horror show!
If you are one of the lazy, disorganised or super-busy who hasn't gotten around to planning your costume for tonight, we have some professional advice.
Teens caught reportedly throwing things at cars charged over alleged stabbing
A 12-year-old boy was among the group, but did not face charges.
Two drivers slapped with bans after 100mph drag race through affluent footballer village
Olly Catterall and Joel Partington have been sentenced
The flaw in Australia’s ‘China threat’ thesis
Australia’s preparations for a possible conflict with China reflect “a relatively superficial understanding”, argues prominent economist John Edwards. Europe, Canada, Indonesia, Malaysia and India, he notes, are not preparing for such a conflict. Why should Australia? Edwards, a former senior economic adviser to former Labor prime minister Paul Keating, makes the observation in a Lowy Institute paper released in October and in a newspaper interview. Instead, he sees US-China rivalry as a...
Jet2 flight to Manchester Airport diverts to Croatia after on-board emergency
The flight made an emergency landing following a 'technical issue'
Celebrity Traitors winner announced as 'messiest' final ever airs
The final was filled with drama
Trump's DOJ issues stark ballot warning to all 50 states just days before midterms... threatening election officials with jail time: Live updates
President Trump's DoJ issued a firm warning about preserving election records to all 50 states across the country ahead of the midterms on November 3.
Tragedy as motorcyclist dies after crashing on coastal road and plunging into the sea
The black motorbike was involved in a collision on the outskirts of Llandudno on Thursday night.
Dusk reduces bestselling '5 second' sofa bed perfect even for the tightest spaces
"It’s comfortable and so easy to assemble. We can’t wait to have guests over now!"