Anatomy of bitcoin's plunge this week: The dollar's bottom was BTC's top

It seems like ages ago, but bitcoin rose to just shy of $91,000 on Wednesday. Then the U.S. dollar started to strengthen.

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Dollar Is Weak, but Why Is Bitcoin Lagging?

The US dollar is weakening, yet Bitcoin continues to lag, and the reason is not bearish pressure but a lack of risk appetite. The post Dollar Is Weak, but Why Is Bitcoin Lagging? appeared first on Coinspeaker.

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Bitcoin rallies as US dollar strengthens: Are crypto traders walking into trap?

Bitcoin reclaimed $86,000 as the US dollar strengthened, but one analyst warned the rally may be structurally weak.

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Bitcoin Going to Crash? US Dollar Index Hints at Move Up

Bitcoin showing weakness as US Dollar Index attempts retrace, threatening further downside if dollar strength continues

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Bitcoin (BTC) to Enter Dark Age? U.S. Dollar Growing

Bitcoin might see substantial rebound if US dollar keeps gaining strength

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Bitcoin gains momentum as US dollar falls 5.84%

Reciprocal tariffs targeting deficit-heavy partners began on April 9. The US Dollar Index has dropped 5. 84% since January 1. Bitcoin now trading at $77,260, down 17. 57% in 2024. A wave of uncertainty sparked by US President Donald Trump’s global tariff policy is reshaping investor behaviour.

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All Eyes on Bitcoin as US Dollar Index Hits 2024 Lows

Bitcoin breaks $61K, benefiting from a weaker US dollar and rising global liquidity. Fed minutes suggest rate cuts, bolstering BTC’s momentum. The post All Eyes on Bitcoin as US Dollar Index Hits 2024 Lows appeared first on BeInCrypto.

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Renowned Economist Drops Bombshell On The US Dollar: Can Bitcoin Provide Safe Haven?

Renowned Economist Peter Schiff has warned about an imminent fall in the US Dollar and the country’s economy. If his warning is anything to go by, then a case could be made for cryptocurrencies and Bitcoin in particular.

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BitMEX co-founder predicts Bitcoin surge amid dollar liquidity rise

Arthur Hayes encouraged fellow Bitcoin enthusiasts to stay focused, highlighting a significant uptick in dollar liquidity.

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Vivek Ramaswamy Outlines Bold Crypto Plan to Back U.S. Dollar with Bitcoin

Republican presidential candidate Vivek Ramaswamy has unveiled a crypto policy framework, signaling his intention to peg the U.S. dollar to Bitcoin, and gut the SEC’s headcount.

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Why New CPI Inflation Data Is Bullish for US Dollar and Bearish for S&P 500 and Bitcoin

The US headline CPI came in largely as expected, causing Bitcoin to dip and the dollar index to rise, as economists predict a worst-case scenario of one more Fed rate hike. The post Why New CPI Inflation Data Is Bullish for US Dollar and Bearish for S&P 500 and Bitcoin appeared first on BeInCrypto.

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How Gold And The Dollar Could Validate A Bitcoin Bull Run

Bitcoin price is back above $30,000 per coin, but the market is still in disbelief, skeptical that a bull run is back across crypto. However, updated monthly charts for Gold (XAU) and the US dollar via the Dollar Currency Index (DXY) could provide early confirmation that something special is brewing. All That Glitters Is Not […]

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Will Bitcoin break above $30K? New JOLTS data, weaker dollar boost chances

Bitcoin price is poised to reach $31,000 in April amid a lower vacancy turnout in the U.S., which risks crashing the dollar strength index to a yearly low.

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Bitcoin hovers at $25k amid US dollar surge and Credit Suisse meltdown

Bitcoin retained its position near $25,000 on March 16 as it attempted to break toward the week’s highs, despite a surging U.S. dollar combined with banking crisis contagion.

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Bitcoin price eyes $23K despite US dollar strength hitting 6-week high

The U.S. Dollar Index (DXY) is gaining ground more rapidly than Bitcoin after fresh economic data surprises from Washington.

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Fidelity offers bullish views on Bitcoin amid rising dollar

The digital asset subsidiary of Fidelity Investments has released a research document titled “The Rising Dollar and Bitcoin,” which takes a bullish view of Bitcoin in rising dollar markets. The post Fidelity offers bullish views on Bitcoin amid rising dollar appeared first on CryptoSlate.

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Bitcoin Gains Momentum on Fed Pivot Narrative, but Some Banks Anticipate Dollar Rebound

Bitcoin rose above $20,000 soon before press time, extending Monday's "ISM-induced" gains as dollar continued to lose ground.

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Can Bitcoin Withstand Continued Dollar Strength? | BTCUSD September 22, 2022

In this episode of NewsBTC’s daily technical analysis videos, we examine yesterday’s perfected TD9 buy setup in Bitcoin and other potentially bullish signals.  We also compare BTC against the dollar using the DXY Dollar Currency Index.

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Pundit Predicts Strong Recovery For Bitcoin As The Fed Pumps Brakes On The Dollar

After plummeting for nearly a year, Bitcoin could soon find a bottom as the Fed turns its attention to suppressing the dollar's ascent.

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Bitcoin reclaims $21K as US dollar corrects: What analysts are saying about BTC

Bitcoin has broken above the $21,000 mark in intraday trading Friday, putting up a bear market rally as a recently hot US dollar cools some of its momentum. The weakening dollar index has seen a bump in risk asset markets, with cryptocurrencies and stocks rising yet again ahead of the weekend.

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Bitcoin squeezes past $20K on US dollar dip as BTC price gains 8.7%

A comedown for U.S. dollar strength provides the fuel for a short squeeze in Bitcoin liquidating over $60 million of shorts.

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Bitcoin erases latest gains with BTC price back below $20K as dollar spikes

Bitcoin drops with U.S. stocks as the dollar finds momentum for an attack on earlier twenty-year highs.

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Bitcoin’s inverse correlation with US dollar hits 17-month highs — what’s next for BTC?

Market pundits anticipate the dollar rally to either stall or correct by the end of 2022, benefiting Bitcoin.

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Why there's good reason behind Bitcoin [BTC] waiting on the Dollar Index

While Bitcoin continues to perform within a tight range, attention is now shifting towards the U.S dollar. This is particularly due to the Dollar index’s impressive rally over the last few months, oThe post Why there's good reason behind Bitcoin [BTC] waiting on the Dollar Index appeared first on AMBCrypto.

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How Dollar Parabola Breakdown Could Boost Bitcoin Price

Hate all you want; the US dollar is still the most dominant force in finance, and the global reserve currency. It is the de facto base currency in most trading pairs, even against Bitcoin. Because of this, when the dollar moves, so does the rest of the market. Find out why the dollar could be […]

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Inverse Signals: Why Bitcoin Weakness Is Attributed To Dollar Strength

Bitcoin price is currently on the ropes, potentially about to lose support at around $56,000. But could the recent weakness in the cryptocurrency market be more a factor of a strong dollar? TD Sequential Triggers Anti-Correlated Signals On BTCUSD, DXY Weeks ago, we posed the question if or not the Dollar Currency Index making new highs in 2021 was a dangerous situation for Bitcoin.

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Bullish Week: Overwhelming Bitcoin Buying Sends OI to May Level While Net Dollar Longs Are Surging

Traders are net-long on the US dollar for 12 straight weeks thanks to the Fed suggesting a possible tapering next month. Meanwhile, bitcoin adoption as legal tender is expected to grow even more strongly in the coming years.

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Swiss committee proposes banks hold a dollar for every dollar in Bitcoin exposure

Basel regulators said today that banks face the “most risk” from Bitcoin and other cryptocurrencies as they are tools for money laundering and a threat to the broader financial market. The post Swiss committee proposes banks hold a dollar for every dollar in Bitcoin exposure appeared first on CryptoSlate.

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Double Bottom On The Dollar Could Be The End Of Bitcoin Rally

Bitcoin, Ethereum, and just about every other asset on the planet trades against the dollar on its most liquid trading pair, and the greenback is the base currency that all exchanges rates are based on.

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“Exponential Decay” Of The Dollar To Benefit Bitcoin Long-Term

Bitcoin is now reeling after a rejection prevented further highs around the time Coinbase Global went live on the Nasdaq. The same stock market has also been booming alongside crypto – both markets gone parabolic against a common denominator: the dollar.

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Bitcoin Weekly “Relative Strength” More Powerful Than Record 2017 Rally

Bitcoin price over the holidays touched nearly $35,000 per coin, starting off 2021 with an enormous bang. Last week’s candle was the largest in the asset’s history, dollar for dollar, with over $8,000 added from open to the top of its wick.

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Bitcoin Falls by Over $1,000 as New Covid Strain Boosts Dollar Demand

A minor rebound in the US dollar market prompted Bitcoin to reverse its upward momentum on Monday. The benchmark cryptocurrency fell by more than $1,000 in the early morning European session, hitting an intraday low at $22,430.

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Tesla’s Elon Musk Mulls Multi-Billion Dollar Bitcoin Investment

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The Many Reasons Why The Dollar Could Soon Put A Damper On Bitcoin Bullishness

Bitcoin has just set a new all-time high, is trading just below $20,000, and is more bullish than its ever been as the digital narrative takes hold during the tail end of the pandemic.   But as the top cryptocurrency is directly opposed to the dollar, it is especially sensitive to extreme movements in the global reserve currency.

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Bitcoin Eyes $20K-Breakout as Morgan Stanley Predicts Dollar Crash

A gloomy outlook for the US dollar is leaving Bitcoin with a potential to continue its bull run towards $20,000.

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The Dollar Losing A Decade Long Trendline Could Send Bitcoin Skyrocketing

The year was 2009 and the dollar had just recovered from The Great Recession. Bitcoin was born and grew up while the dollar regained its throne. After ten years of strengthening, the pandemic and associated monetary response to sustain the economy, caused the almighty dollar to weaken again.

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The Dollar Is Poised to Gain Steam—and That’s Bad for Bitcoin

While Bitcoin is touted as uncorrelated, the cryptocurrency has been following the inverse of one asset over the past few months: the U. S. dollar. Like gold, BTC’s price action is partially dictated by the value of fiat currencies.

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Analysts Think the U.S. Dollar May Bottom—and That’s Bad for Bitcoin

Bitcoin has been under pressure over the past three days after peaking at $12,500 earlier this week. Some argue that the retracement is purely based on technicals. But if you check the charts, there seems to be an evident inverse correlation between the value of the U.

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Why Did Bitcoin Skyrocket When the US Dollar Declined?

The U. S. dollar drop and the Bitcoin surge happened at the same time. Why? Before we reveal the answer, let’s explore the multiple factors in the background starting with the continued downward adjustment of interest rates on U.

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Another Multi-Billion Dollar Company Turns to Bitcoin as a Dollar Hedge

Yet another multi-billion dollar publicly-traded company told investors it would invest a portion of its assets in Bitcoin to preserve the value of its capital against a weakening dollar. BTC,...

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Goldman Sachs Questions Dollar’s Reserve Status; Why Bitcoin Is The Answer

This week, the Dollar Currency Index (DXY) tanked, letting other currencies and assets like Bitcoin (BTCUSD) thrive against the typically dominant market force. The recent fall has prompted Goldman Sachs to question the dollar’s global reserve reign.

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Bitcoin Braces for $11,000 on Weaker Dollar Demand

Bitcoin rose above $10,000 in an overnight rally Monday for the first time since May 8, 2020. The gains surfaced as investors sold the US dollar for riskier assets amid optimism about economic recovery.

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Analyst: U.S. dollar may soon “break,” giving Bitcoin potential to pass $100,000

While many Bitcoin investors want the value of the U. S. dollar (USD) to crash more than anything in the world, right now, this is not the case. In fact, analysts say that the safe-haven dollar is poised to strengthen as the ongoing recession continues to ravage global markets.

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Bitcoin (BTC) Price Screams Buy As US Dollar, Stocks Rally

All’s well that end’s well. The US stock market seemed to have followed the message in spirit as it started the week and ended the month today on a ‘green note’. And speaking of green, greenback, the US dollar hit its highest level since 2017.

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Rapper Akon Says Bitcoin Better Than ‘Military-Backed’ US Dollar

Grammy award-winning music artist Akon has made the case for Bitcoin, lambasting the US dollar for being ultimately sustained by the government’s military might

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Dollar’s Brutal 100-Year Tailspin Guarantees a Spellbinding Bitcoin Rally

By CCN: The mighty US dollar appears to be one of the world’s safest currencies. This sense of security has blinded many from seeing that the greenback has lost tremendous value over the past 100 years, a fact that should send investors piling into a surging Bitcoin.

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Bitcoin Primely Positioned as U.S. Foreign Policy Pushes Rivals to Ditch Dollar

As President Donald Trump presides over geopolitical shape-shifting as the poster boy of separatist politics, the most significant clapback yet may be loss of confidence in the U. S. dollar. The dollar has been politically weaponized in the service of American interests and now other global powerhouses are betting on taking back control of their economies […] The post Bitcoin Primely Positioned as U.

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Bitcoin Price Watch: BTC Could Extend Losses Below $3,600

Key Points Bitcoin price failed to correct higher above the $3,840 and $3,900 levels against the US Dollar. There is a major bearish trend line in place with resistance at $3,800 on the hourly chart of the BTC/USD pair (data feed from Kraken).

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Bitcoin Trading Numbers Show Japanese Yen (JPY) Surpasses the US Dollar (USD) as Most Used

Bitcoin (BTC) is currently being traded all over the world against many different fiat currencies. The dominant currency traded against Bitcoin is now the Japanese Yen. However, the US Dollar has been the dominant currency for several months.

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