US Dollar

Bitcoin slid to a two-month low on Friday as concerns that the next U.S. Federal Reserve chair could tighten liquidity lifted the dollar and pressured risk assets.

Powell may signal a 'dovish pause' at this week's Fed meeting, which could weaken the dollar and provide near-term upside for Bitcoin. Still, remarks on balance-sheet policy or lingering inflation risks could curb any sustained rally.

India’s central bank has proposed linking BRICS digital currencies to simplify cross-border trade and tourism payments and reduce reliance on the U.S. dollar, according to two sources. The move aims to streamline settlements among member countries amid growing geopolitical tensions.

Anthony Scaramucci warned that the CLARITY Act’s proposed ban on earning yield from stablecoins could weaken the U.S. dollar’s competitiveness versus China’s digital yuan, by pushing liquidity and innovation offshore.

Coinbase CEO Brian Armstrong said Bitcoin strengthens the U.S. dollar's reserve status by acting as a market-based check on inflation and excessive deficit spending. He argued crypto can constrain fiscal excess rather than replace fiat.

Taiwan is evaluating Bitcoin for its strategic reserves while lawmakers press for a full audit of government crypto holdings, including seized assets. The push aims to reduce dependence on the US dollar and strengthen financial resilience.