{"id":502,"date":"2024-10-01T11:46:51","date_gmt":"2024-10-01T11:46:51","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=502"},"modified":"2024-10-01T11:46:51","modified_gmt":"2024-10-01T11:46:51","slug":"the-dollar-is-weakening-heres-why-that-could-be-good-for-bitcoin-10x-research","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=502","title":{"rendered":"The Dollar Is Weakening\u2014Here&#8217;s Why That Could Be Good For Bitcoin: 10x Research"},"content":{"rendered":"<div>\n<p>Recent shifts in global macroeconomic dynamics suggest that the downturn in global growth <a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/09\/41070034\/bitcoin-smashes-through-66-000-as-etfs-take-in-365m-to-extend-their-inflow-streak-to-6-str\">may be coming to an end<\/a>, according to a report. <\/p>\n<p><strong>What Happened: <\/strong>The report from from 10x Research states that the declining U.S. dollar, alongside actions by major central banks like the <a href=\"https:\/\/www.benzinga.com\/markets\/asia\/24\/09\/40997399\/bank-of-japan-governor-takes-cautious-stance-on-interest-rates-awaiting-key-economic-data-amid-globa\">Bank of Japan<\/a> and the <a href=\"https:\/\/www.benzinga.com\/news\/24\/09\/41097864\/china-stocks-jump-as-stimulus-optimism-mounts-whats-going-on\">People&#8217;s Bank of China<\/a>, signals a potential reversal in the economic slowdown that has characterized much of 2022 and 2023.<\/p>\n<p>Since the launch of <a href=\"https:\/\/www.benzinga.com\/trading-ideas\/long-ideas\/24\/09\/41100587\/s-p-500-etf-titans-drive-691b-in-2024-inflows-nasdaq-bitcoin-etfs-close-behind\">spot Bitcoin ETFs<\/a>, there has been a surge in stablecoin activity, with $39 billion in stablecoins minted compared to $18.5 billion in ETF purchases.<\/p>\n<p>While not all these stablecoins flow directly into Bitcoin, the report suggests this influx has helped stabilize the broader crypto market during times of potential correction. <\/p>\n<p>However, 10x Research emphasizes that &#8220;larger macro liquidity forces may soon eclipse this \u2018micro&#8217; liquidity,\u201d indicating a shift in the market\u2019s driving factors.<\/p>\n<p>One of the key elements affecting global liquidity has been the strength of the U.S. dollar. <\/p>\n<p>The report recalls how the dollar began its upward rally in February 2022, around the time of &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/cryptocurrency\/24\/10\/41114110\/the-dollar-is-weakening-heres-why-that-could-be-good-for-bitcoin-10x-research\" alt=\"The\" dollar is weakening why that could be good for bitcoin: research>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Recent shifts in global macroeconomic dynamics suggest that the downturn in global growth may be coming to an end, according to a report. What Happened: The report from from 10x Research states that the declining U.S. dollar, alongside actions by major central banks like the Bank of Japan and the People&#8217;s Bank of China, signals [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-502","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/502","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=502"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/502\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=502"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=502"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=502"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}