Forget Elon, Here’s Why Bitcoin Traders Should Watch The US Dollar Index Instead By Cointelegraph
Forget Elon, Here’s Why Bitcoin Traders Should Look At The U.S. Dollar Index Instead
(BTC) prices fell nearly 5% on June 4, continuing to decline during Friday’s session as investors grappled with Elon Musk’s cryptic cryptocurrency tweets, suggesting that the CEO of Tesla (NASDAQ 🙂 could get rid of the company’s remaining 43,200 BTC. .
Nonetheless, Bitcoin’s bearish movement also coincided with a sharp rise in (DXY), suggesting that more than one factor accelerated the cryptocurrency’s dramatic fall during late Thursday and early Thursday. Friday.
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