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5 Best Fiat Currencies for Bitcoin Trading in 2021

If you want to start Bitcoin trading, you’ll need to begin with fiat. National currencies — like U.S. dollars, euros and the Chinese yuan — are typically necessary if you want to purchase some Bitcoin to use for trading. These five currencies are some of the best to start with if you want to get into bitcoin trading. Here are the upsides, downsides, and who they are best suited for — plus a few currencies that you may want to avoid. 1. The U.S. Dollar (USD) According to data from cryptocurrency price tracker Coinhills, USD is the number-one currency for…

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There’s a Big Catch to This Week’s Bitcoin Pump – And It Involves the Dollar

Bitcoin price pumped this week to above $11,400 in an explosive 14% intraday move. However, the rally being so powerful may have more to do with the dollar’s weakness, and less due to strength in Bitcoin. And if the dollar reverses sharply from here, it could cause a corresponding correction in the cryptocurrency. Precious Metals, Cryptocurrencies Rally Ahead of $1 Trillion In Stimulus Spending Yesterday, the United States Senate was set to deliver its proposal for a second economic stimulus package. The package involving checks distributed to individuals, forgivable loans for small businesses, and more, will total over $1 trillion.…

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