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How The Dollar (DXY) Index Is Responsible For Today’s Bitcoin Carnage

Bitcoin price is down $800 in just over 24 hours, and elsewhere in the finance space, there is pure carnage. Gold fell below $1900, and stocks are downward spiraling. And behind it all is the dollar. But why is the Dollar Currency Index (DXY) potentially responsible for the market-wide collapse and what exactly is driving it? Bitcoin Price Collapses $800 In Early Week Selloff, Another Test of $10,000 Next? Bitcoin price tapped over $11,000 one last time before a deadly drop began later Saturday night and into Sunday. The drop extended deeper into the weekday trading week, with a fall…

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What Does The Dollar’s Do Or Die Moment Say About Bitcoin?

The dollar has been on a steady decline since the pandemic first struck. Weakness in the global reserve currency has allowed gold, Bitcoin, and other assets to shine. However, either a major rebound is beginning, or the dollar is about to experience another massive drop. The asset is clearly at a ‘do or die’ moment, but how will further downside in the dollar impact the leading cryptocurrency? The Dollar’s Ongoing Demise and Fall From Global Reserve Grace The dollar is the most dominant force in the finance world, but when you’re on top, everyone wants to see you fall. Recently,…

Continue Reading What Does The Dollar’s Do Or Die Moment Say About Bitcoin?

What Does The Dollar’s Do Or Die Moment Say About Bitcoin?

The dollar has been on a steady decline since the pandemic first struck. Weakness in the global reserve currency has allowed gold, Bitcoin, and other assets to shine. However, either a major rebound is beginning, or the dollar is about to experience another massive drop. The asset is clearly at a ‘do or die’ moment, but how will further downside in the dollar impact the leading cryptocurrency? The Dollar’s Ongoing Demise and Fall From Global Reserve Grace The dollar is the most dominant force in the finance world, but when you’re on top, everyone wants to see you fall. Recently,…

Continue Reading What Does The Dollar’s Do Or Die Moment Say About Bitcoin?

Why The Dollar’s Coming Dead Cat Bounce Could Be Devastating For Bitcoin

The dollar is in sharp decline, and it has allowed other currencies to gain the upper hand. It has also let Bitcoin, gold, altcoins, and other hard assets shine. But will a coming dead cat bounce in the dollar devastate recent crypto market returns and cause a temporary pullback? Or is this the start of a bigger comeback by the king of all cash-based fiat currencies? USD: After Dramatic Drop To Two Year Low, TD Sequential Triggers 9 & 13 Buy Signals Nearly every financial asset across any market is traded against the dollar and its exchange rate is valued…

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