Cryptocurrency Daily Thefoxposts.com

A widely followed crypto analyst says one altcoin that has skyrocketed over 700% in the last four months still has momentum while updating his outlook on Bitcoin (BTC) and Fartcoin (FARTCOIN). In a new thread, pseudonymous crypto analyst Altcoin Sherpa tells his 253,000 followers on X that Pudgy Penguins (PENGU), the native asset of the Pudgy Penguins non-fungible token (NFT) collection, still has room to grow despite seeing massive gains earlier this year. “I still like PENGU a lot, but not currently in an active position on it. Would love to buy around $0.025 but this current region is also still support. Swing trade strategy might be to buy 1/3rd position here and 2/3rds position lower if it comes. This one still has more upside later on [in my opinion], but it might take some patience.” Source: Altcoin Sherpa/X PENGU is trading for $0.0305 at time of writing, a 2.2% decrease on the day. Moving on to the crypto king, Sherpa says that if BTC can r...

According to State Street’s Global Chief Investment Officer, Lori Heinel, the rising US debt has made US dollar-based assets unattractive to investors, as shared by a Reuters assets report. US Treasury bonds, US stocks, or even simply holding dollars have become riskier or less appealing. President Trump’s tariffs may further fuel the movement away from the dollar, further strengthening the de-dollarization momentum. Are Tariffs A Blow To The USD? Source: dreamstime.com According to a CoreData survey conducted in May-June of this year, investors are reducing their exposure to the US. The data was collected from financial institutions that manage $4.9 trillion worth of assets. The survey found that 47% of respondents were strategically reducing their long-term investments in the US market. The development may lead to a substantial concern for the US dollar’s position. It may also lead to further global de-dollarization. Thierry Wizman, global FX and rates strategist at ...