Cryptocurrency News Today TheBitTimes.com

The US dollar (USD) is showing signs of a promising price trajectory as the greenback is now trading at its highest since November 2023. Per Bloomberg, the US dollar is now projecting a stronger stance as compared to its earlier metrics. The greenback is currently stable at 106, up 0.12% in the last 24 hours. But why is the US dollar peaking all of a sudden? Also Read: De-Dollarization Debunked: US Dollar Still King, Study Finds US Presidential Campaigns Fuel the US Dollar (USD) Surge Source: stock.adobe.com The United States is currently gearing up to select its newest president and is busy preparing for its 60th quadrennial elections. Last night, the nation witnessed the widely anticipated presidential debate between former President Donald Trump and Joe Biden . Sparking heated discussions spanning multiple topics and domains, the debate played a pivotal role in fueling the USD surge. After the debate, the US dollar index rose to display stronger metrics, projecting the highest numb...

Former U.S. President and candidate in the 2024 elections Donald Trump spoke out against central bank digital currencies (CBDCs). The pledge came during a campaign speech in Portsmouth, New Hampshire, on Jan. 17. The former President spoke about banning CBDCs as part of his election campaign, saying he will “never allow” the Federal Reserve to create a digital currency. President Trump promises to nix plans for a central bank digital currency during speech in Portsmouth, New Hampshire Watch LIVE: https://t.co/EpMWdufokm pic.twitter.com/pU0l4wukMM — RSBN (@RSBNetwork) January 18, 2024 “I will never allow the creation of a Central Bank Digital Currency.” Donald Trump, former U.S. President He says that central bank digital currencies function as de facto tools to control citizens. “Such a currency would give a federal government, our federal government, the absolute control over your money […] they could take your money, and you wouldn’t even know it was gone....

As the 2024 US presidential election looms, will the White House’s next occupant usher in a cryptocurrency bull market, or will they double down on stringent regulations? Reigning President Joe Biden, who seeks a second term, has offered a mix of skepticism and caution towards the digital finance realm. Under his watch, proposals like the 30% tax on crypto mining have stirred debate, while his 2023 Economy Report (Chapter 8) highlighted the speculative nature of many crypto assets, emphasizing the perils that even stablecoins can encounter, like the run risk. Arrayed against him is a suite of challengers, each bearing their crypto credo. Many of them, such as Robert F. Kennedy Jr., Vivek Ramaswamy, Ron DeSantis, and the indefatigable Donald Trump, have voiced more favorable views toward Bitcoin (BTC) and its digital counterparts.  With their distinct visions for cryptocurrencies, these contenders promise a departure from the current administration’s perspective. Accord...