The dollar has been in sharp decline. Analysts are calling for the global reserve to lose its crown to the likes of Bitcoin or the yuan. Sentiment has reached substantial lows. However, when dollar sentiment fell this low in the past, it often triggered a strong reversal in the currency. Such a reversal, if it…
Este artículo también está disponible en español. Bitcoin experts are buzzing as President-elect Donald Trump lashed out against current Federal Reserve policy, calling interest rates “far too high” despite persistent inflationary pressures. “We are inheriting a difficult situation from the outgoing administration,” Trump said at his Mar-a-Lago club, adding that officials seem to be “trying…
Today, Bitcoin has experienced one of its deadliest single-day drops on record in terms of dollar amount moved. And the reason behind it could be the greenback itself. Dollar sentiment is at extreme lows and crypto market exuberance is sky high – could it be time for a reversal in each asset or at the…
In this episode of NewsBTC’s all-new daily technical analysis videos, we are looking at the Bitcoin price monthly chart and the DXY Dollar Currency Index ahead of the monthly close. Take a look at the video below. VIDEO: Bitcoin Price Analysis (BTCUSD): August 30, 2022 We are coming down to the wire here in the month…
Bitcoin, Ethereum, and just about every other asset on the planet trades against the dollar on its most liquid trading pair, and the greenback is the base currency that all exchanges rates are based on. The power and influence of the almighty dollar cannot be understated, and the crypto market could soon feel the surprising sting…
A crypto analyst has predicted that Bitcoin (BTC), the world’s largest cryptocurrency could see its price surging as high as $100,000, representing a 200% increase from its current value. However, the analyst noted that this bullish projection would occur only when certain conditions are met. Bitcoin Could Rise To $100,000 In an X (formerly Twitter)…
In this episode of NewsBTC’s daily technical analysis videos, we examine the recent resilience in Bitcoin compared to traditional assets like gold, oil, and the S&P 500. We also compare BTC to the DXY Dollar Currency Index and past crypto bear market bottoms. Take a look at the video below: Several weekly indicators could suggest…
In a crucial development for the financial markets, the US Dollar Index (DXY) has surged to its highest level since March, marking a pivotal moment for Bitcoin and the broader crypto sector. The DXY, which gauges the Greenback’s performance against a basket of six major currencies, has extended its gains above the 104.000 mark in the…
The common narrative shared over recent months is that Bitcoin is adversely affected by increases in the value of the U.S. dollar. Case in point: when the dollar began to spike in February and March, BTC began to tumble lower, as did the S&P 500 and the price of gold. More recently, when Bitcoin topped…
It is Monday. Bitcoin is holding above crucial technical support at $11,400. Meanwhile, its safe-haven rival, the US dollar, is experiencing a sharp decline. The inverse correlation between the two stark assets is visible all over again. Only this time, the catalyst that is driving them into different directions is a Jerome Powell speech on…