China and Russia Are Teaming Up to Challenge the Dominance of the US Dollar. Will Bitcoin (BTC) Benefit?
- PHPzOriginal
- 2024-08-26 18:26:18867browse
Previously, we learned that China and Russia are exploring the use of stablecoins to expand their crypto exposure and complement their CBDCs
China and Russia are taking steps to reduce their reliance on the US dollar in the global market. This could create opportunities for cryptocurrencies like Bitcoin to gain traction as alternative assets and payment methods within the BRICS bloc. However, it’s still uncertain whether this collaboration will significantly impact global crypto adoption.
As of today, Bitcoin (BTC) is trading at $63,720.72, having declined by 0.50% in the past day and increased by up to 8.74% in the past week. Follow the BTC price movement here.
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