USDOLLAR

#USDollarCrisis #usdollar
The composition of global central bank reserves has seen a significant shift over the past two decades. Data from the International Monetary Fund (IMF) highlights a noticeable decline in the share of the US dollar in these reserves.
Key Points:
- Decreasing Share: In 2000, the US dollar constituted 71% of the global reserves. As of 2024, this share has reduced to 53.2%.

- Sustained Dominance: Despite this decline, the US dollar continues to hold a dominant position as the world's primary reserve currency. This dominance underlines its central role in global finance and trade.
- Rising Competitors: Other currencies have been slowly increasing their presence in global reserves. Notably, the Chinese yuan (CNY) now makes up 2.3% of the global reserves. The euro (EUR) has a more substantial share, accounting for 20%.
Implications for Investors:
1. Diversification: The shift in reserve compositions suggests a trend towards diversification by central banks. This can be a cue for investors to consider a more diversified portfolio.
2. Currency Stability: The persistent dominance of the US dollar suggests that it remains a safe haven during economic uncertainties, despite its declining share.
3. Emerging Markets: The growing share of currencies like the yuan indicates the rising economic influence of countries like China. Keeping an eye on emerging markets could offer new investment opportunities.
Conclusion:
The evolving dynamics of global reserves reflect broader economic trends and geopolitical shifts. While the US dollar remains a cornerstone of global finance, the gradual rise of other currencies signals a move towards a more multipolar currency world. For investors, understanding these shifts is crucial for informed decision-making.
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Famous Rich Dad Poor Dad author Robert Kiyosaki has struck once again, highlighting the reason why Bitcoin will outshine the United States dollar.
According to a recent post on X, Kiyosaki highlighted the disparity between both currencies, tagging Bitcoin as ‘good money’ while noting that the US dollar is ‘bad money.’ The famous author has been a long supporter of Bitcoin, making predictions about the digital assets over the last few years.

While Kiyosaki has been preaching the Bitcoin gospel, he has never failed to let people know that the asset, alongside precious metals gold and silver, is the way.
In his recent post, he makes a compelling argument, listing the reasons why Bitcoin can be relied upon as a better store of value compared to the dollar, noting that it is the one reason why the leading digital asset will outshine the greenback in the coming years.

Robert Kiyosaki makes a compelling Bitcoin argument
According to Kiyosaki, Bitcoin has often offered great stability with enough room for growth, something that inflation and excessive printing have denied the dollar. He believes that confidence in the US dollar is at an all-time low, noting that people are now gravitating towards the digital asset.
It is not hard to see why, especially after President Donald Trump came into the White House with his meme coin and crypto friendly promises. 

In his post, Kiyosaki maintains that two laws give Bitcoin power over the dollar. He quoted Gresham’s law, noting that when bad money enters a system, good money goes into hiding.
He mentioned that over the last year, the dollar, which he refers to as bad money, has forced precious metals, which he calls good money, into hiding. However, he noted that things have changed now, as Bitcoin, silver, and gold are now fighting back and sending the dollar into hiding.

Kiyosaki’s post about Gresham’s law discusses how Bitcoin is a safer bet in the face of the weakened dollar. He also pointed to Metcalfe’s Law, where he talked about the value of having a better network of participants.
He noted that Bitcoin’s value is currently being strengthened by the number of its participants, with its decentralized nature being the edge that the currency possesses. This postulation talks about the growing interest that Bitcoin has enjoyed from corporations, with MicroStrategy currently leading the Bitcoin purchase charge.

Skeptics unmoved by Bitcoin’s potential as the dollar plunges
With Donald Trump at the helm of affairs in the United States, there is no telling what will happen in the local financial landscape. However, his pro-crypto mindset is a win for Bitcoin and the wider crypto industry. Hailed as the crypto president, Trump has kicked things into motion, endorsing a national Bitcoin Reserve.

However, some people are still not convinced about Bitcoin’s value. Most of them see it as a speculative asset, with Goldman Sachs CEO David Solomon as one of them. He has frequently mentioned how the asset’s speculative nature has not made it a true competition to the dollar.
Meanwhile, the United States dollar recently dropped to 1.7%, a 14-month low last seen in 2023. According to analysts, the dollar is now in the overvalued region, with a correction coming soon. The correction has seen other currencies perform well against the dollar, with the British pound rising by 2.5%.

#Robertkiyosaki #USDOLLAR #bitcoin #cryptocurrencies #cryptonewstoday

$BTC

𝐌𝐲 𝐃𝐚𝐢𝐥𝐲 𝐔𝐩𝐝𝐚𝐭𝐞 𝐎𝐧 𝐂𝐫𝐲𝐩𝐭𝐨🏆

Chart 1: BTC closed as a Doji and right now has formed a massive bearish engulfing and we may continue to go down to the next level of support at 73K which is the 618 fibs.

The volume on the OBV is confirming the move, down with a lot of selling pressure and the RSI has now reset to 20 which is extremely oversold (the last time we were at 20 was August 2023!).

BTC has now changed the market structure and we are now in a downtrend as I said yesterday the only bullish scenario was this is just a retracement for the next leg up but we must now bounce at 79K which is where we are or 73K.

Chart 2: USDT Dominance has continued to break to the upside and closed as a Doji and currently printing a huge bullish engulfing once again but we have run into a strong level of resistance.

The volume on the OBV has supported the move up but is showing bearish divergence and the RSI is extremely overbought at 80 (the last time we were at 80 was the last top of USDT.D).

Chart 3: OTHERS.D has closed as a Doji and now we are either going to finally break the downtrend or reject here & go back down to support.

The OBV is still showing a lot of strength with bullish divergence and the RSI is also showing bullish divergence and looking really strong at this support now we must break that downtrend.

But remember for us to be bullish on Alts we must break the 9.18% resistance break through the downtrend line, create an HL and then HH backed by volume until then don’t touch Alts unless you’re happy taking the risk before confirmation.

Chart 4: BTC.D which is BTC dominant keeps falling and formed that double top and we are looking very weak here so let’s see if we break that uptrend.

The OBV is showing massive selling pressure and the RSI is looking very bearish as well with a lot of bearish divergence.

Like I have said multiple times I wouldn’t recommend buying any alts until BTC.D breaks the uptrend line & creates bearish MS and OTHERS.D breaks its downtrend line but it does look like this could happen very soon.

I personally don’t believe this is the end of the bull run and there will be an Alt season once BTC.D breaks its uptrend and starts to plummet like it’s starting to now.

Has anyone noticed I have never moved my levels of support and magically price has hit them this is why learning technical analysis is a very important skill to learn!

We may even get a bounce at 77K to fill that CME gap we have as well.

We are getting closer & closer to a HUGE reversal in my opinion just looking at everything that is happening with the data I am seeing on the charts.

There is also a possibility that Trump is getting the market makers to dump the price so they can buy the BTC Reserve at that 73K level but nobody knows.

So let’s stay patient, remove our emotions and just analyse what we see.

#BinanceAlphaAlert btc #Cryptocurrency: #trading #dailyanalysis #technicalanalysis #cryptoeducation #usdollar

Former US President Donald Trump has taken a strong stance against BRICS nations (Brazil, Russia, India, China, South Africa), issuing a stern warning: any attempt to dethrone the US dollar as the world’s reserve currency could result in 100% tariffs on their products. This fiery statement reflects the US’s determination to protect the dollar’s supremacy in global trade 🌎💪.

🌐 What’s Happening?

BRICS nations have been actively discussing the creation of a new trade currency aimed at reducing reliance on the US dollar. This move has raised eyebrows globally, especially in Washington, as it could disrupt decades of dollar dominance. Trump’s remarks signal America’s willingness to take aggressive measures to prevent any challenge to the dollar’s global status 🚫.

💡 What Could Be the Fallout?

Trump’s threat of tariffs, if acted upon, could shake up global markets. Here’s what might happen:

1️⃣ Rising Prices: A 100% tariff on BRICS imports would likely lead to skyrocketing prices for goods in the US, directly impacting American consumers 📈.

2️⃣ Risk of a Trade War: BRICS nations could retaliate with tariffs on US exports, sparking a tit-for-tat trade conflict that might further escalate tensions 📊.

3️⃣ Global Economic Turbulence: Reduced trade and higher costs could disrupt global supply chains, slow down economic growth, and create uncertainty in international markets 🌍.

🔎 Why It Matters to Crypto Enthusiasts

As BRICS nations discuss alternatives to the dollar, the potential de-dollarization could accelerate interest in decentralized currencies like Bitcoin and stablecoins. For traders on Binance, this geopolitical clash could be a turning point for market volatility, opening up opportunities in crypto as a hedge against traditional currency risks 💱.

🚨 What’s Next?

While Trump’s tariffs remain a threat for now, his warning underscores the stakes involved in protecting the dollar’s global dominance. Whether the BRICS nations proceed with their plans or not, the shift in global trade dynamics could have far-reaching consequences. Stay alert for major moves in the currency and crypto markets.

#BRICS2024 #USDollar #CryptoOpportunities #GlobalTrade #BinanceInsights