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Bitcoin price eyes $50K as the US dollar retreats after hitting its one-year high

In detail, the U.S. Dollar Index (DXY), which measures the dollar’s strength against a basket of six foreign currencies, including the euro and sterling, hit 94.50 Thursday for the first time since Sept. 28, 2020. But it retreated on news of rising U.S. jobless claims against the forecasts of a decline.

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Source: Cryptocurrency - investing.com

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