Analysis: The US Dollar Index is nearing a breakout of its upper range, placing pressure on BTC, which may continue its negative correlation with the DXY
ChainCatcher news, according to CoinDesk, Bitcoin, which is seen as the “rival” to the US Dollar Index (DXY), is facing continued pressure as the market watches the US Dollar Index approach a breakout above the upper boundary of its 13-month-long consolidation range.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Vesta Chief Portfolio Officer Diego Berho Carranza sells 6,219 shares for USD 21,642.12
Targa Exploration closes C$ 791,950 non-brokered private placement tranche 2
Żabka Group units agree EUR 110 million sale-leaseback of two Poland logistics centers
US Sanctions 27 Iranian Airlines Amid Escalating Regional Attacks
Crypto prices
More
