How did Bitcoin surge in the backdrop of the fall of USD?

How did Bitcoin surge in the backdrop of the fall of USD?

The fall of the US dollar & the rise of Bitcoin coincided at the same time. So, let us find out the various factors in the background that have led to the consistent descending adjustment of interest rates on US Treasury bonds and substantive easing policies. These policies were instrumental in the selling of large amounts of US dollars, resulting in the fall of the dollar index. Going by the brand new data, the US dollar index has taken a beating and it is now languishing below 93. This fall is not only the steepest of this year, but also happens to be a two-year low. As for the US dollar offshoots market, short positions have also hit a new peak since April 2018. In fact, Global Hedge funds are expecting further erosion of the value of the US dollar: The betting pegs USD downfall to approximately $5.3bn this week to reach $24.5bn. Purely from the perspective of association, the connection amid Bitcoin & US dollar & gold & US dollar decreased, at the same time the interconnection between Bitcoin & gold strengthened. This has made gold & Bitcoin to realize their potential in the light of a tumbling US dollar index.

Demand for yellow metal surges

The economic prospect of gold can easily be explained by the downfall of the US currency, which has created a global demand for safe-haven assets like yellow metals. However, Bitcoin has some distance to cover to emerge as a safe-haven asset, the fact can’t be denied that it has the potential to be an alternative investment to gold. Also, as gold continues to dominate the mind of people, the greenback will increasingly flow to Bitcoin and other crypto currency avenues.

USD turns to USDT

Meanwhile, the demand for gold has come down, implying that more US currencies have made their way into the digital currency arena for stamping than before. Later on, these US dollars were turned into USDT, some of them made it to the exchanges. The USDT’s inpouring into exchanges improved by 282,539,130 USDT to 725,857.429 USDT on July 27, an important single day surge in 143 days. Despite a huge sum of USDT going into exchanges, data from Glass node indicates that the USDT amount is diminishing since April. During the same time, the Bitcoin equilibrium of exchanges has risen. Based on this, we can infer that the USDT going into exchanges were utilized to purchase Bitcoin.

Rise of Bitcoin

Observing these numbers, it clearly points that Bitcoin’s ascendancy this time has been drastically affected by the US dollar. It can be abridged as trails: There has been a steep fall of the US dollar index. The uncertainty scaled new heights , the value of gold multiplied. With gold value going through the roof high, investors begin to search for an alternative instrument of investment. A lot of USD turned into USDT, a large number of USDT flew into interactions. This led to the selling of USDT and purchase of Bitcoin. Balance of Bitcoin in exchanges rises. In case the dollar continues to fall, there is a huge chance of Bitcoin to rise. So, Bitcoin is a good investment option. If you wish to put your money in Bitcoin, then it is advisable to do so on a secure platform.

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How Can Market Moving News Curate Your Bitcoin Trading?

How Can Market Moving News Curate Your Bitcoin Trading?

In April 2013, someone sent a fake tweet purporting that the White House was going to get attacked. The fake tweet sent the Dow Jones 150 points in under 2 minutes. The same tweet caused a lot of disruption in worldwide trading as people anticipated the worst. 

While it later emerged that the tweet was fake and everything went back to normal, it highlighted the tremendous influence which News and Social Media have on both forex and bitcoin trading. Seven years since the infamous tweet, the market moving news had an even bigger impact owing to the overreliance on social media for news. 

If you are into cryptocurrency trading, you will know how much social media drives cryptocurrencies for users and brands. There has also been increased coverage of cryptocurrencies on mainstream media which means more resources for traders looking for insights.

If you follow some credible mainstream media that rampantly spreading cryptocurrency news, you most probably have a great arsenal that you can use to improve your trading.

Read on to find out how you can curate your Bitcoin trading by taking advantage of market-moving news.

Why Access To Market Moving News Is Critical In Bitcoin Trading 

For starters, what is market-moving news? 

Market moving information is any piece of news or information that can influence an individual’s decision to buy or sell. The market-moving news includes everything from political implementations with a direct impact on the economy, financial eventualities like inflation to events like Bitcoin halving.

Access to market-moving news will make your market analysis much easier and more accurate. You will make accurate predictions and increase your chances of reaping off your trades. With access to real-time market-moving news, you will always be ahead of the game and make better decisions in your trades. 

On the other hand, if you have no access to information, you will always be caught by surprise. This is counterproductive and can lead to money loss or even bankruptcy. Therefore, you should strive to get access to market-moving information as soon as it breaks.

But how do you get access to this information? How can you use this information to improve your trading? Read on to find out. 

How To Get Access to Cryptocurrency Trading Market Moving 

Curate Your Social Media Platforms

Social media platforms are fulfilled with information on trading. As FXPro’s Angus Campbell put it, social media platforms like Twitter and Facebook contain information that influences traders’ decisions. Mr. Angus noted that tweets and social media posts reach millions in nanoseconds which is vital in the world of trading. 

In fact, most cryptocurrency trading professionals believe that social media plays a vital role in trading. As a budding trader, you have to heed the professionals’ call and curate your Twitter and other platforms to give you market-moving information. 

Follow, thought leaders in Bitcoin on Twitter, join Bitcoin Pages and Groups on Facebook and turn on notifications to get information as soon as it is posted. You can also follow relevant pages on Instagram and join Telegram channels which churn out important updates on Bitcoin. 

With every social media page curated towards BTC trading, you will never miss out on important updates.

Mainstream Media Is Very Resourceful 

In addition to large social media platforms, you should keep your eye open for updates from mainstream news. Mainstream media are the platforms with a lot of governmental breaking news which can potentially affect the performance of trading markets. 

It is imperative to still follow mainstream news especially business news as you can get important signals from these channels. Follow their accounts on social media, install their apps on your phone, and always check their notifications. You never know which information will change your trading fortunes. 

Not All Information Calls For Action

While it is nice to get as much information as possible, it is crucial to learn to distinguish which information deserves your attention and which news shouldn’t affect you. The ability to filter through the news and choose the right piece of information is a must if you want to make the right trading decisions.  It is something that differentiates great traders from the average ones.

Mind that there are a lot of fake news peddlers about Bitcoin online.  If you are not careful, you can easily find yourself at the mercy of scammers. You should, therefore, get news from verified and trusted sources only.

Double-check the news before you proceed to make a financial commitment in your trade. Spend some time to counter-check with more than one source before even thinking about making a trading decision. This will reduce your chances of falling for scams.

The ability to filter through credible sources information comes with time and experience. The more you put market-moving news to use in your trading, the more you learn which news is worth following and which to avoid at all costs.

Conclusion

A lot of information and resources on Bitcoin trading are free for access. It really is up to you to use the information for your benefit or not. Curate the news that you receive and use it to make a living from Bitcoin trading. Use our guide above and make the most out of the freely available news and resources on BTC trading.

Cryptocurrencies are the future of trading. The sooner you acquaint yourself with knowledge on how to trade, the better it will be for you. Always strive to be ahead of the game when it comes to matters trading and learning to use market-moving news in the best way to always step with the times.

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Blockchain Is Reshaping Supply Chain Industry

Blockchain Is Reshaping Supply Chain Industry

Supply chain is always known to be one of the most complicated industry and thereby integrating blockchain has been acting as a problem solver for supply chain industry . Various other new technologies may also be considered viable , but let’s focus on implementing blockchain and exploring its benefits .

As per the experts , blockchain has superpower of boosting profitability and effectiveness in several business and so is the case with supply chain industry . While supply chain industry is dealing with many kind of difficulties , integrating tech solution is what it needs . Integrating blockchain can help supply chain industry in managing complexity with ease and thereby creating links between various distribution channels .

In this article , let’s look forward to how blockchain technology can help improve overall process and can up bring transformation in this industry .

Blockchain – A Gleaming Twilight In Supply Chain 

If you ever had a change to experience supply chain industry cumbersome process , then you may have found that how hard it is to trace products and parts , and there is always a chances of mistake . Inspite of numerous of positive steps has been taken , this industry is full of headache irrespective of whether it is electronic , food , consumer goods or anything else .
Another major aspect is product has to go back and forth several time , which creates a challenge .
All the above problems can be solved by use of blockchain technology . In continuation to it , cryptocurrency transfer can also solve many transaction related issues . Blockchain has capability to manage exchange of currency , tracking of process as well as take care of agreements while helps supply chain industry in various aspects . Blockchain mobile app development is also trending now a days thereby giving various types of benefits .
Let’s take a glimpse of ways in which this technology can help enhance supply chain .

Blockchain Impact On Supply Chain 

Automotive Payments 

Blockchain is surprisingly amazing technology which aids in carry on and tracking of transactions in more secured and transparent way .
Blockchain has ledger system which facilitate payee and payer to directly exchange funds from anywhere in the world without any intervention of any authority to validate the transactions . In addition to it , it also gives advance security and rapid transaction in comparison with other types of payment .

Traceability 

Another great feature of this technology is easy tracking of items . It facilitates companies to work with various kinds of distributed channel that can record various products status during various stages . Blockchain records in a system which is immutable and permanent . Tracking of even  individual product from original source is very easy . For instance , Walmart is using blockchain technology to track down all sales in China .
Blockchain facilitates companies to track even a single piece of item right from creation stage to process and thereon storage . It also helps tracking by applying various kinds of filter like date , selling date and various other aspects .

Electric Power Micro Grids

This system helps management of supply . After arrival of smart contract in Blockchain , another ray of possibility has emerged . Smart contracts facilities buying and selling of tangible as well as intangible products less hectic .

How Blockchain Will Impact Supply Chain ?

While some leaders in the world are already using this technology , experts suggest that blockchain will become universal ” supply chain operating system ” . There are various ways in which they can help improve supply chain task , let’s look at some of them :

  • Recording of quantity and transfer of valuable goods can be done with ease at each node of supply chain .
  • Tracking of purchase order , receipts , orders changes , shipment notifications and other related things has become easier .
  • Checking validity and certification of products has become easier .
  • Linking of physical goods to demographic entities such as bar code , serial number like RFID etc .
  • Exchanging information related to manufacturing , delivery , assembly as well as maintenance of products between vendors and suppliers .

How Blockchain Integration Will Be Beneficial 

  • Improved Transparency : This technology helps tracking of product right from production stage till its final delivery and thereby eliminating bias data if any .This also facilitates supply chain industry to get transparent and enables manufacturer to reduce number of data recalls .
  • Scalability : The reason why it is scalable is it facilitates access of data of supply chain node to be from anywhere   
  • Improve Security : While blockchain is known to be regularised distributed ledger system with predefined coding rules , it reduces need for audit that generate internal system .

If you are also looking for blockchain technology exploration , you can hire expert consult for your next big blockchain application development .