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US Dollar (DXY) Reaches One-Year Peak, but Michael Saylor Sees Bitcoin (BTC) as ‘Lifeline’
The U.S. Dollar Index (DXY) hits 1-year high, signaling a shift and possible consolidation phase. The post US Dollar (DXY) Reaches One-Year Peak, but Michael Saylor Sees Bitcoin (BTC) as ‘Lifeline’ appeared first on BeInCrypto. дальше »
2023-9-30 11:46
Bitcoin Correlation With Dollar Index & Stocks Has Disappeared: Data
Data shows the Bitcoin correlation with the US dollar index and stock market indexes like S&P 500 and Nasdaq 100 have dropped low recently. Bitcoin Is Showing Little Correlation To Any Index Right Now In a new post on X, the market intelligence platform IntoTheBlock noted how the correlation of BTC with traditional assets has […] дальше »
2023-9-22 22:00
Bitcoin And Crypto Investors Must Monitor The DXY: 6x Rally Ahead?
The Bitcoin and crypto prices are influenced by a complex web of factors and intertwined indicators. One such influential force is the U. S. Dollar Index (DXY), which has gained prominence as a vital gauge for Bitcoin and crypto investors. дальше »
2023-7-12 20:00
Bitcoin Eyes Long-Term Benefits on Central Banks’ Dollar Ditch
If global central banks are any indicator, the bitcoin price can continue its supersonic bull run despite hitting a pause in the past three weeks. дальше »
2021-4-9 11:33
Boom for Bitcoin as Macro Analysts Stick to Their Bearish Dollar Calls
Bitcoin closed the first quarter more than 100 percent higher as more and more institutions became accustomed to its safe-haven characteristics. дальше »
2021-4-8 13:05
More Gains for Bitcoin Ahead as Natixis Predicts Dollar Declines
The starting point for the Bitcoin market’s recent declines is the prospect of faster-than-expected economic growth in the United States, thanks to the extreme fiscal expansion and a recent rebound in job growth to pre-pandemic levels, which has boosted the bond yields and, in turn, accelerated demand for the US dollar in foreign markets. But […] дальше »
2021-3-27 16:53
Bitcoin Faces Trouble as Dollar Logs Fresh 2021 High, Researcher Warns
Key Bitcoin Takeaways Bitcoin reversed its short-term downside bias after Elon Musk introduced a new BTC payment option on Tesla online stores. Meanwhile, the US dollar index reached a fresh year-to-date after Jerome Powell’s congressional testimony on Tuesday. дальше »
2021-3-24 14:35
Bitcoin Extends Recovery Rally on Firmer Dollar, Stimulus Negotiations
Bitcoin prices climbed for the second day on Tuesday, spurred by increased optimism over the second stimulus package in the United States and a firmer US dollar. Positive risk-on momentum throughout the Asian and the early European session briefly pushed the flagship cryptocurrency to a new week-to-date high of $35,469. It later corrected lower by […] дальше »
2021-2-2 14:00
US Dollar Projected to Hit Cyclical Bottom in 2025—What Does It Mean for Bitcoin?
It is safe to assume that Bitcoin’s parabolic rally in 2020 has everything to do with the underperformance of its arch-nemesis, the US dollar. The charts tell the entire story. In March 2020, a 60 percent crash in the Bitcoin market coincided with an 8. дальше »
2020-12-29 18:27
Bitcoin Weekly Outlook: Expect Mild Corrections Ahead of Holiday Period
The benchmark cryptocurrency ascended to its lifetime record level of $24,300, up 22. as traders assessed its growing prominence as an emerging safe-haven alternative among institutional investors. дальше »
2020-12-21 07:00
Bitcoin Weekly Outlook: A $20K Retest Likely as Dollar Hits 2018 Low
A remarkable rebound this weekend has put Bitcoin back en route to $20,000, its record high to date. дальше »
2020-11-30 10:08
More Pain for Bitcoin Ahead as Price Breaks “Legacy Trendline,” Says Analyst
Bitcoin (BTC) is at risk of extending its ongoing downside correction as it breaks below a so-called “legacy trendline. ” As spotted by an independent, pseudonymous chart analyst, the said trendline was acting as a support to Bitcoin since March 2020. дальше »
2020-10-15 10:58
Troubles for Bitcoin as Hedge Funds Bet Against Stock Market Winners
Bitcoin faces the prospects of undergoing broader downside corrections as hedge funds rush to short stocks that surged impressively during the coronavirus pandemic. According to the Financial Times, some fund managers have increased their bets against the shares linked to technology, home gym equipment, grocery retail, and healthcare. дальше »
2020-10-14 11:00
Bitcoin Hits 5-Week High Ahead of Q3 Earnings Season; What’s Next?
There was no major stimulus announcement, but Bitcoin was still able to hit a five-week high on the first day of the week. The benchmark cryptocurrency established an intraday high of $11,736 before profit-taking sentiment pushed its exchange rate lower. дальше »
2020-10-13 08:00
A Weaker US Dollar Prediction Offsets Bitcoin Bearish Bias for Q3/2020
Bitcoin eyes a significant plunge entering further into the third quarter as S&P 500 stocks unveil a 45 percent drop in quarterly profits. The correlation between the cryptocurrency and the US benchmark index last week hit a record high. дальше »