NFT News Today TheBittimes.com

There is no respite for the US dollar in the currency markets as the DXY index is only heading south. The DXY index, which measures the performance of the US dollar is now at the 99 level. It briefly touched 100 early this month but failed to hold on to its resistance level. The greenback has never been this weak for 12 years and is only losing steam against local currencies. Also Read: Warren Buffett’s $330B Portfolio Holds 58% in Just 4 Power Stocks Source: MarketWatch Leading local currencies are having an upper hand in the forex markets and racing ahead of the USD. The US dollar had touched a high of 109.40 this year but quickly slipped below the 100 level in the currency markets. Federal Reserve Governor Christopher Waller said to Fox Business that reducing tariffs to 10% could push the markets on the right track. “If we can get the tariffs down close to the 10% and then that’s all sealed, done, and delivered somewhere by July, then we’re in good shape for the sec...

The International Monetary Fund (IMF) has lowered Saudi Arabia’s growth outlook in its latest report. In its recent World Economic Outlook (WEO) update, the IMF lowered the Kingdom’s growth rate from 3.3% to 3%. The decline in GDP growth comes after the global markets are experiencing major disruptions in overall oil production. Also Read: US Dollar Weakness Is Here to Stay: Analyst Saudi Arabia’s Growth Outlook Lowered By IMF Source: CNBC Financial analysts at the IMF also wrote that trade wars, tariffs, and conflicts are eating into Saudi Arabia’s revenues. Not just for 2025, the IMF also reduced the Kingdom’s growth outlook for 2026 by 0.4%. The growth rate for 2026 now stands at 3.7% from the previous projected number. Also Read: SEC Drops Lawsuit Against Richard Heart: HEX Rallies 78% “The Middle East and Central Asia is projected to come out of several years of subdued growth, with the rate accelerating from an estimated 2.4 percent in 2024 to 3.0 per...

China is making big moves to advance the de-dollarization agenda and is dumping billions of US dollars and Treasuries. The Xi Jinping administration is fighting tooth and nail against Trump’s tariffs by imposing equal tariffs on the US. The Communist nation raised tariffs to 125% on Friday in the latest escalation of the ongoing trade wars. The reciprocal tariffs went from 84% to 125%, and Beijing made it clear that they won’t go any higher. Also Read: De-Dollarization: Elon Musk Warns On The Future Of The US Dollar The latest data indicates that China has dumped $22.7 billion worth of US dollars and Treasury bonds and is consistently decreasing its holdings. The government is slowly yet steadily getting rid of all US debts and remaining free from market fluctuations stemming from the American economy. The dumping of the US dollars and Treasury bonds furthers the de-dollarization agenda making the US economy feel the heat. Source: US Treasury Department Also Read: De-Dollari...

Ripple’s XRP started February 2025 with a bearish outlook, following a significant crash fuelled by Donald Trump’s imposed tariffs. Finbold then looked into XRP historical returns and price patterns to forecast a potential target for February 28, moving forward. Previously, XRP closed January with remarkable 46.18% gains, surging from $2.07 at the month’s opening up to $3.03 at its closing, trading as high as $3.39 at one point. XRP historical returns in February since 2013 As February develops, Finbold retrieved data from CryptoRank , calculating XRP’s average and median historical returns for each month. Picks for you OpenAI's ChatGPT names the two cryptocurrencies that will win in 2025 18 hours ago Gold price alert: Key levels t...