The US dollar index has fallen nearly 10% this year, and the US government shutdown has caused losses of over US$11 billion.
the US Congressional Budget Office estimated that the government shutdown from the end of 2018 to early 2019 caused approximately $11 billion in economic losses. Due to market concerns about the risk of the US federal government shutting down, the US dollar index fell by about 0.1% overnight, and has fallen by nearly 10% so far this year. In addition, a government shutdown may trigger market concerns about the US credit rating, as the three major rating agencies have repeatedly warned about the fiscal and budget risks in the US.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Visa Builds Year-Round Global Payment Infrastructure Using Stablecoins
- Visa partners with Aquanow to expand stablecoin settlement in CEMEA via blockchain integration. - The collaboration enables 365-day cross-border transactions using USDC , reducing costs and intermediary fees. - Visa's 2023 pilot achieved $2.5B annualized volume, accelerating adoption of faster, lower-cost solutions. - Stablecoin transactions now exceed $46T globally, with institutions like Deutsche Börse adopting euro-pegged tokens. - Visa's expansion strengthens its global settlement hub role, competing
Zcash News Update: Zero-Knowledge Proofs Address the Privacy Dilemma: Achieving Trust Without Revealing Data
- Zero-knowledge proofs (ZKPs), pioneered in 1985 by Goldwasser, Micali, and Rackoff, now enable secure, privacy-preserving transactions at scale, with costs dropping from $80 to under a penny per proof. - Blockchain projects like Scroll and Zcash demonstrate ZKPs' viability in real-world applications, including confidential finance and auditable privacy through ZK-rollups. - In AI, ZKPs verify computations without exposing sensitive data, enabling private model training while ensuring cryptographic valida
Bitcoin News Today: How Bitcoin's Energy Focus Is Shaping Its Transformation from a Fluctuating Asset to a Foundation for DeFi
- Elon Musk's SpaceX transfers $105M Bitcoin to new wallet, signaling strategic custody shift and long-term confidence in crypto's energy currency potential. - JPMorgan upgrades Bitcoin miners transitioning to high-performance computing (HPC) services, emphasizing energy efficiency and renewable integration for sustainable growth. - Bitcoin struggles near $91K amid bearish EMAs, requiring 50-day EMA retest for recovery, while Ethereum and XRP show mixed technical signals. - Industry trends position Bitcoin
Dogecoin News Update: Dogecoin ETFs Lag Behind, Quiet Whales Raise Investor Concerns
- Dogecoin whale activity plummeted to two-month lows, raising uncertainty about market strategies amid price consolidation near $0.133–$0.20. - U.S. spot Dogecoin ETFs (GDOG, BWOW) underperformed with weak inflows, contrasting Bitcoin/Ethereum ETF success and signaling altcoin market hesitancy. - Technical analysis highlights potential $0.181–$0.28 price targets if Dogecoin breaks above $0.156 resistance, though weak whale activity risks stalling momentum. - Broader ETF trends show uneven altcoin adoption
Trending news
MoreCrypto prices
More
