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Tag: DXY

Big bullish pattern on US dollar index chart puts Bitcoin at risk of losing $30K

July 16, 2021 wp-bot Cointelegraph

A strengthening dollar could be negative for pretty much every risk asset on board, including Bitcoin, whose value boomed against the dwindling greenback after March

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Bitcoin trader eyes US dollar for BTC price breakout cue, Ethereum clings to $2K

July 9, 2021 wp-bot Cointelegraph

No sign of a breakout as $33,000 becomes resistance overnight and altcoins trade mostly flat as a result of BTC price weakness.

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Bitcoin, dollar plunge while S&P 500 rallies after US inflation hits 3-decade high

June 25, 2021 wp-bot Cointelegraph

Data on Friday showed core personal consumption expenditure in the US surged to 3.42% year-over-year for the first time since 1991.

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Data suggests the strong US dollar makes Bitcoin weaker argument is flawed

June 19, 2021 wp-bot Cointelegraph

Analysts and traders are linking Bitcoin’s bearish turn with the growing strength of the U.S. dollar, but data suggests otherwise.

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White House Defends Trillion-Dollar Stimulus While Jamie Dimon and Larry Summers Warn of Runaway Inflation

May 27, 2021 wp-bot Bitcoin News

On Wednesday the White House defended President Joe Biden’s trillion-dollar spending proposals despite the criticism concerning rising inflation and low-interest rates. Inflation has risen at

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Number of Bitcoin wallets holding 100–1K BTC soars after Tesla’s $1.5B buy-in

May 27, 2021 wp-bot Cointelegraph

New data shows a dramatic rise in the number of Bitcoin wallets holding anywhere between 100 BTC to 1,000 BTC — but there may be

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