Analysts Fear a Strong US Dollar Will Dampen Bitcoin’s Bullish Momentum

Analysts Fear a Strong US Dollar Will Dampen Bitcoin’s Bullish Momentum
фото показано с : cointelegraph.com

2020-8-24 02:17

Bitcoin and gold price dropped as the U.S. Dollar Index rallied, leading analysts to speculate whether a strong dollar will slow BTC’s momentum.

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According to JP Morgan Chase & Co., if the idea of central bank digital currencies (CBDC) gains traction, the US can risk losing its geopolitical power. “There is no country with more to lose from the disruptive potential of digital currency than the United States,” wrote analysts including Josh Younger, head of U.S. interest-rate derivatives […]

2020-5-24 21:24


How Low Could Bitcoin Price Fall in This Pullback? Analysts Say $6,300

The bitcoin price (BTC) has dropped from $10,050 to $8,000 in the past week by nearly $2,000 against the US dollar, leading traders to anticipate a larger pullback to lower support levels. According to traders and technical analysts like Josh Rager, the bitcoin price could drop to as low as $6,300 in the short term […] The post How Low Could Bitcoin Price Fall in This Pullback? Analysts Say $6,300 appeared first on CCN.com

2019-9-30 08:00


Bitcoin Price Retraces 6% in Spiralling Weekend Dump

The bitcoin price dropped from $10,968 to $10,252 over the weekend within a two-day span by more than six percent against the U.S. dollar. Previously, when the bitcoin price initially made its way to $10,900, a level that has been considered to be a heavy line of resistance since early August, some technical analysts expected […] The post Bitcoin Price Retraces 6% in Spiralling Weekend Dump appeared first on CCN.com

2019-9-9 16:07


Bitcoin Price Recovers 20% to Break $11,000; Pullback Done, Huge Rally Next?

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2019-7-3 11:33


Tether continues to dominate money flow into Bitcoin as the U.S Dollar follows suit

Bitcoin’s spectacular surge has been the talk of the town, with many analysts and researchers expecting the cryptocurrency to climb to even greater all-time highs. According to a recent analysis, the real reason for Bitcoin’s climb can be attributed to cryptocurrency traders and maturing market fundamentals, and not the introduction of Facebook’s cryptocurrency, Libra.

2019-6-26 22:30


Bitcoin Price Sinks to $7,500 as Analyst Predicts Further 30% Plunge

By CCN Markets: In the past 24 hours, the bitcoin price has dropped from $7,900 to around $7,500 by more than five percent against the U. S. dollar in a minor pullback in the crypto market. Within the last seven days, the bitcoin price has fallen by over ten percent, which has led technical analysts in the crypto market to ponder about the possibility of an extended pullback despite the market’s positive macro landscape.

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Russian Gold Stockpile Grows as Analysts Warn of Global Recession

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2019-3-22 23:00