Altcoin News Daily Official TheBitTimes.com

The debate about the US dollar’s dominance in global trade has seen a myriad of opposing viewpoints. While there is a growing de-dollarization sentiment, especially among developing nations, the dollar may not be at its end just yet. In fact, the greenback’s role in global economics may be growing according to some industry experts. Bank of America (BoA) strategist Ralph Axel is of the opinion that the US dollar is gaining on other currencies. Axel says that the world has been “rapidly dollarizing” over the last 10 years. De-Dollarization Just A Temporary Inconvenience? Source: Watcher.Guru There is a sentiment that the US dollar is losing steam. The figures also seem to support this notion. The US dollar index (DXY) is down 9.7% year-to-date. This is the lowest the figure has been since the 1980s. The dip has led to substantial concerns about asset managers and financial institutions potentially pivoting away from the US Dollar to other currencies and gold. Desp...

The US stock market has continued its early 2025 struggles as companies look to position themselves to benefit from an inevitable turnaround. Among them is Amazon (AMZN), which has announced a new expansion to its AI push that has the stock hoping it could put an end to its 8-week losing streak. The company is firmly entrenched as a top stock in both the AI and cloud-computing sectors. Indeed, this most recent development will see it look to increase competition with the former, as it seeks to shrug off early-year losses likely connected to the impending tariffs planned by US President Donald Trump. Source: Forbes Also Read: Amazon (AMZN) Key AWS AI Expansion Pushes Stock Up: Is It $305 Bound? Amazon Targeted Increased AI Push: Can It Overcome Market Downturn? April 2nd has been lauded by President Trump as America’s ‘Liberation Day.’ Specifically, it will see the nation integrate an aggressive economic policy that issues reciprocal tariffs on a host of nations. The ef...