Analysts Fear a Strong US Dollar Will Dampen Bitcoin’s Bullish Momentum

by Aurelia Butler 23 August 2020, 01:00 129 Views

As the dollar increased by 1.3% from $92.28 to $93.20, Bitcoin, major cryptocurrencies, and gold fell in tandem. The seemingly inverse correlation between the dollar and Bitcoin might indicate that the weakening dollar partially catalyzed BTC’s recent rally.

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Source: Cryptocurrency - investing.com

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Analysts Fear a Strong US Dollar Will Dampen Bitcoin’s Bullish Momentum

MetaMask Updates User License, Some Users Need to Pay Fee

University of Utah Pays Ransomware Gang to Prevent Student Data Leak

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