Bitcoin price focuses on $55K as bulls ignore a surging US dollar
The classic inverse correlation between USD and Bitcoin is nowhere to be seen as all-time highs come closer and closer. Go to Source Powered by WPeMatico
DXY
Auto Added by WPeMatico
Beware the ides of March: Bitcoin slumps as Treasury yields and the Dollar rise again
Bitcoin sees weakening momentum as the U.S. dollar recovers and Treasury yields rise. Go to Source Powered by WPeMatico
Stocks slide as dollar hits 4-month highs: Why Bitcoin price is slumping below $50K
Bitcoin is slumping as the DXY breaks out and the U.S. stock market tanks. Go to Source Powered by WPeMatico
Financial Analysts Expect US Dollar to Soften Further, 2021 Could Be the Greenback’s ‘Worst Year Ever’
Well before the coronavirus pandemic, global economists expected a grim-looking American economy and during the last ten months of the Covid-19 outbreak, the U.S. financial system looks even worse. Economists and analysts say the biggest concern is the U.S. dollar faltering into the unknown, as a great number of distinguished individuals believe the USD will … Read more
Macroeconomic Trends Boost Bitcoin and Gold, US Dollar Index Shows Bearish Double-Top
According to a number of reports and commentary from financial analysts, the world is “drowning in U.S. dollars” after the Federal Reserve decided to pump billions of dollars into the hands of 14 central banks via liquidity swaps. Moreover, recent technical analysis shows the dollar’s trade-weighted index chart indicates the USD might be in for … Read more
