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Amid the ongoing BRICS de-dollarization agenda, global leading banks Standard Chartered and Deutsche Bank provided the latest insights on the US dollar’s future prospects. The two banks remain bearish on the greenback due to various macroeconomic factors. The trillion-dollar banks are now questioning the profitability of US-backed financial assets on a global scale. Also Read: BRICS: US Hits India Where It Hurts Them the Most: Remittance Tax The US-backed assets, especially the dollar, which was once the bedrock of all global finances, is slowly drifting away after BRICS kick-started the de-dollarization initiative, and Standard Chartered and Deutsche Bank are taking notice of the drastic changes that occurred in the markets since three years. Also Read: BRICS: 5 Countries Pay 93% of Trade in National Currencies BRICS: The US Dollar’s Future Is in Danger, Say Standard Chartered & Deutsche Bank Source: Freepik.com Standard Chartered & Deutsche Bank wrote in their latest repor...

With Bitcoin making a habit out of performing well in October, market sentiment has BTC eyeing yet another all-time high this year. Indeed, there is tremendous potential for the leading crypto to surge in the short term. Moreover, it could be set to enjoy the fruits of a perfect storm in the upcoming month. The asset has certainly struggled in recent months. However, things looked to have turned around for the better in September. That could be setting the stage for a monumental rally when the calendar turns, as the crypto market and macroeconomic factors could propel BTC to uncharted territory. Also Read: Deutsche Digital Assets Macro Bitcoin ETP Begins Trading Today Bitcoin May be Poised to Break Through $73,000 in October Despite its August and early September lulls, Bitcoin has dominated 2024. The asset emerged as the first crypto-based ETF in the United States. With that product getting approval in January, the leading cryptocurrency surged to an all-time high of $73,000 just thre...