2023-9-8 18:06 |
BTC price centers on the 200-week exponential moving average, while analysts warn that Bitcoin and risk assets are in danger from a surging dollar. origin »
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Taiwan’s justice ministry is sitting on 210 Bitcoin, seized from criminals and worth roughly $14 million. Most governments would treat that as a footnote. The Bitcoin Policy Institute thinks it should be a starting point.
The “Bye America” trade has a habit of returning when markets stop debating whether the US is still the safest house on the block and start debating the price of living in it. Over the past week, that debate has shown up in the dollar.
The US dollar slid to a four-year low, while gold and silver pushed deeper into record territory as Bitcoin attempted to recliam the $90,000 level. During the past day, the dollar index, a gauge of the greenback against major peers, touched 95.
The US dollar slid to a four-year low, while gold and silver pushed deeper into record territory as Bitcoin attempted to recliam the $90,000 level. During the past day, the dollar index, a gauge of the greenback against major peers, touched 95.
Gold shone brightly today, racing to a new high while crypto took the back seat, and the gap between the two assets opened wide. Related Reading: Money Keeps Leaving: Bitcoin ETFs Shed $1. 72 Billion In Just 5 Sessions On Monday, the precious metal moved past the $5,000 mark, registering a price point market sentinels had not witnessed before.
Reciprocal tariffs targeting deficit-heavy partners began on April 9. The US Dollar Index has dropped 5. 84% since January 1. Bitcoin now trading at $77,260, down 17. 57% in 2024. A wave of uncertainty sparked by US President Donald Trump’s global tariff policy is reshaping investor behaviour.
In a post shared via X on January 14, Julien Bittel, Head of Macro Research at Global Macro Investor (GMI), echoed a warning about the surging dollar and its impact on financial conditions—an echo that many market observers, including those within the crypto sphere, are listening to with interest. How The Dollar Wrecking Ball Affects […]
