A Washington-based think tank believes that an expanded BRICS set to control a significant portion of global crude oil output is a shot across the bow for the United States. In a new blog post, Atlantic Council’s Jonathan Panikoff says that the addition of new countries to the economic bloc is a sign of “shifting […]
The post Expanded BRICS To Command Over 40% of Global Crude Oil Output, Think Tank Dubs Move a ‘Warning’ to America appeared first on The Daily Hodl.
BRICS member India has reportedly purchased oil from the United Arab Emirates using its national currency for the first time ever. In July, reports surfaced that India and the UAE have inked an agreement that allowed the BRICS member to use rupees instead of the US dollar when trading with the Middle Eastern nation. Last […]
The post BRICS Member India Ditches US Dollar, Purchases 1,000,000,000 Barrels of Oil With Rupees for First Time Ever: Report appeared first on The Daily Hodl.
The latest episode of The Market Report analyses the recent Bitcoin price correction to $26,000 and what it reveals about the current market structure.
In the latest episode of Cointelegraph’s The Market Report, analyst Marcel Pechman delves into Bitcoin’s recent drop to $26,000. Derivatives market analysis shows Bitcoin (BTC) options and futures metrics lack signs of professional traders going bearish, and while that doesn’t guarantee a quick return to $29,000 support, it reduces the chances of an extended correction.
Pechman presents a Kaiko data chart on BTC liquidity and volatility, which significantly decreased since the FTX collapse in November 2022. And with no liquidity issues or heightened volatility indicated, did the 11.4% mid-August price drop worsen conditions due to the largest futures liquidations since November 2022?
Bitcoin futures premium settled at a neutral 6% after the recent $26,000 crash, signaling balanced demand between leveraged longs and shorts. This aligns with a neutral -7% to 7% BTC options skew, suggesting reasonable downside protection prices.
Reviewing another article, Pechman discusses macroeconomic analyst Lyn Alden’s take on a common currency proposal among BRICS nations (Brazil, Russia, India, China and South Africa). Alden doesn’t see it succeeding — a view shared by Pechman. However, Alden notes a weakened United States dollar if BRICS use their own currencies for foreign trade, giving unconventional advice to crypto investors.
Listen to the full episode of The Market Report on the new Cointelegraph Markets & Research YouTube channel, and don’t forget to click “Like” and “Subscribe” to keep up-to-date with all our latest content.
The economic coalition of BRICS is nearing an agreement to expand its membership in the face of flooding interest from other nations, an insider reports. South Africa’s Ambassador to BRICS Anil Sooklal says in a new Bloomberg interview that a criteria for expanding the group, which currently consists of Brasil, Russia, India, China and South […]
The post BRICS Crafting Massive Expansion Agreement With Dozens of Countries Looking to Join: Official appeared first on The Daily Hodl.
The author of best-selling personal finance series Rich Dad Poor Dad says that the US Dollar is nearing the end of its lifespan as a coalition of nations gets ready to launch a new gold-backed currency. In a new episode of The Rich Dad Radio Show, Robert Kiyosaki says that the US Dollar will be […]
The post Rich Dad Poor Dad Author Robert Kiyosaki Says US Dollar ‘Toast’ Amid Rise of Gold-Backed BRICS Currency appeared first on The Daily Hodl.
The author of the personal finance best-seller Rich Dad Poor Dad says dozens of countries are colluding to conjure a new currency that could stand up against the US dollar. Robert Kiyosaki tells his 2.4 million Twitter followers that he believes BRICS is clearly spearheading a movement to create a new currency that will be […]
The post 36 Nations Are Conspiring Against US Dollar With New Gold-Backed Currency: Robert Kiyosaki appeared first on The Daily Hodl.
Three more countries have reportedly joined Brazil, Russia, India, China and South Africa in their economic alliance known as BRICS. South African Foreign Minister Naledi Pandor tells Russian government-backed RT about BRICS’ expansion ahead of a Russia-Africa summit in St. Petersburg. The diplomat says countries seeking to join BRICS are drawn to the progressive ideals […]
The post South African Foreign Minister Says Three New Countries Have Joined BRICS Economic Alliance: Report appeared first on The Daily Hodl.
The list of countries looking to join the global economic alliance known as BRICS is now at 44, according to one of the group’s top insiders. Anlil Sooklal, South Africa’s top diplomat in charge of relations with the bloc, tells Reuters that on top of the 22 countries that have already formally asked to join, […]
The post 44 Countries Now Interested in Joining BRICS As Multipolar World Takes Shape: Report appeared first on The Daily Hodl.
African Ambassador and BRICS official Anil Sooklal says the glory days of the US dollar are in the rear view mirror. At a media briefing, the BRICS diplomat told reporters the group of economically aligned nations is shifting away from the world’s reserve currency, reports Reuters. Sooklal says BRICS, which is made up of Brazil, Russia, […]
The post BRICS Leader Says Days of US Dollar-Centric World Are Over As Group Expands Trade in Alternate Currencies: Report appeared first on The Daily Hodl.
Rich Dad Poor Dad author Robert Kiyosaki says that the stock market is on its last legs, with the US heading into a historic economic downturn. The best-selling author tells his 2.4 million Twitter followers that while he doesn’t get involved with stock or bond investing, he’s anticipating a “severe” crash and a potential depression […]
The post Rich Dad Poor Dad Author Says Severe Market Crash Incoming, Warns BRICS Will Bring Demise of US Dollar appeared first on The Daily Hodl.
