BRICS challenges U.S. dollar, can it have an impact on Bitcoin as well?

Bitcoin may be thrust into unchartered territory as BRICS challenges the U.S. dollar. Assessing the potential outcome for Bitcoin if BRICS succeeds. An interesting thing is happening in the global arena and it might just be one of the major factors that may influence Bitcoin demand later this year. A battle is being waged against […]

Assessing the potential outcome for Bitcoin if BRICS succeeds.

demand later this year. A battle is being waged against the dollar and this might challenge its global reserve status.Geopolitical tensions are also taking the battle to the economic front. Russia and China are in joint efforts to roll out a new common global currency called BRICS in alliance with numerous other nations.

If BRICS catches on and manages to attract more countries, then the U.S. dollar might lose its grip as the global reserve currency.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

CryptoAmb /  🏆 22. in CA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Assessing the effect of Optimism’s ‘NFT Quests’ on OP holdersOptimism NFT quests drive growth, usage, and volume. Despite the growth, Optimism lags behind in TVL when compared to Arbitrum. Optimism, a DeFi protocol, saw a significant increase in activity due to its NFT quest projects. The projects have resulted in impressive growth for all participants, with an average growth rate of 32%. The success […]
Read more »

Bitcoin: Euphoria ravages the market; bullish trend remains strongBTC’s social dominance has grown tremendously since the year began. Its price might increase even more as bullish sentiment lingers in the market. The growth in the general cryptocurrency market since the commencement of the 2023 trading year has led to a rally in Bitcoin’s [BTC] dominance in the market. At 44.18% at press time, […]
Read more »

Bitcoin’s [BTC] price reversal might be on the cards?BTC’s price has rallied by 40% since 1 January. Investors have recorded significant gains, and now, a price reversal might follow. Exchanging hands at the $23,200 price mark at press time, the leading coin Bitcoin [BTC], currently trades at levels last seen in August 2022. On a year-to-date basis, BTC’s price has rallied by 40%, […]
Read more »

Filecoin [FIL] could ensure another 20% hike, if Bitcoin [BTC]….Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion Two obstacles block FIL’s path to its pre-FTX levels. FIL’s development activity fell, but the Funding Rate remained positive. Filecoin [FIL] rally in January offered investors over 90% gains after rising from $2.992 to […]
Read more »

Will Polygon’s [MATIC] bull rally come to a grinding halt? Assessing…MATIC, worth $56 million, was transferred to a whale address before its price surged. Metrics and market indicators supported the bulls at press time. Polygon [MATIC] became a hot topic of discussion in the crypto space as its price pumped at an unprecedented rate. CoinMarketCap’s data revealed that MATIC registered double digit growth last week, […]
Read more »

Bitcoin [BTC] miner to face class action lawsuit… Details insideArgo Blockchain is facing a class action lawsuit filed by its investors. The lawsuit accuses the firm of misleading investors and misrepresenting facts. Bitcoin [BTC] miner Argo Blockchain will be the subject of a class action lawsuit filed by its investors. The London-based mining firm has been accused of misleading its investors during its initial […]
Read more »