Strong Correlation Between Bitcoin (BTC) And The Dollar Index Suggests Market Correction Is Over

2018-8-29 17:00

Bitcoin (BTC) has sung to the tune of the US Dollar for as long as we can remember. This is how it goes with the US Dollar and emerging markets. The above chart for dollar index shows how Bitcoin (BTC) has performed at critical stages of the Dow Jones Dollar Index for the past several years.

In July 2014, the dollar index began a new rally. As soon as the first candle of that rally formed, Bitcoin (BTC) plunged into a second correction.

Continue reading Strong Correlation Between Bitcoin (BTC) And The Dollar Index Suggests Market Correction Is Over at Crypto Daily™.

.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Dollar Online (DOLLAR) на Currencies.ru

$ 0.0024551 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 3.00 %
Cегодня L: $0.0024551 - H: $0.0024551
Капитализация $1.851k Rank 99999
Цена в час новости $ 0.008536 (-71.24%)

dollar index btc bitcoin correction correlation rally

Источник: cryptodaily.co.uk

dollar index → Результатов: 15


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Mining Titan Core Scientific Files Chapter 11 Plan, Signaling Revival Hope

As Bitcoin mining firm, Core Scientific faces a significant challenge with the ongoing bankruptcy proceedings, it has taken a determined step towards ensuring its sustainability. The company recently submitted a Chapter 11 plan, a move that showcases its intentions to revamp its operations while satisfying the claims of its creditors. The Chapter 11 plan was […]

Top Steemit employee resigns following TRON acquisition; is this the beginning of the end?

Steem has been having a rough past few weeks, with many of its problems seeming to arise in the time following the Justin Sun-led TRON’s acquisition of Steemit in mid-February. In the time following this controversial acquisition, the Steem blockchain has been rocked by multiple controversies, but it doesn’t seem to have impacted investor’s confidence, […] The post Top Steemit employee resigns following TRON acquisition; is this the beginning of the end? appeared first on CryptoSlate.

Bitcoin ETFs Could Be More Dangerous Than We First Thought

The Bitcoin ETF, the industries first chance of getting real, hard institutional investment on board, or, a chance for institutions to sit and speculate, causing more harm than good. It’s an argument that is cropping up all over the cryptosphere, one expert, the author of ‘Mastering Bitcoin’, Andreas Antonopoulos, has weighed in with his view that institutions could use ETF’s to actually speculate to a point that they are able to manipulate stock and prices.

Bitcoin Is Outperforming More FIATs Than Ever Before

In a world of falling FIAT currency, broken sovereign currency and economic downfalls, we are seeing major cryptocurrencies like Bitcoin stand up to pressures and hold their own against broken financial systems.

The Influence Bitcoin Has On The Music Industry

We all know that Bitcoin is massive, but it still hasn’t hit that mainstream appeal yet, but if you mention the word in the street to someone they will (most likely) know what you mean. You don’t only hear the word used by news outlets and fanatics but in music too.