BTC soars as DXY plunges!
BTC continues to hit new highs this year and some might have noticed that the USD decline coincides nicely with this rise.
We can see the continued move from $9,000 to $14,000 arguably has been spurred on by the strong drop in the US dollar.
Whether the trend continues to seemingly resemble some correlation needs to be seen but they are trending in opposite directions right now and might want to keep an eye out for signs of a reversal in trend
We can see the continued move from $9,000 to $14,000 arguably has been spurred on by the strong drop in the US dollar.
Whether the trend continues to seemingly resemble some correlation needs to be seen but they are trending in opposite directions right now and might want to keep an eye out for signs of a reversal in trend
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