Tag: dxy

Mar 30 2021

The Dollar Regains Lost Ground, But Bitcoin Yet To React

Mar 30 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is once again approaching current record highs, and now that the momentum is back in favor of bulls, new all-time highs could soon be just ahead. While this is mostly nothing new for the leading cryptocurrency by market cap, the recent rally back to local resistance has happened all while the dollar has strengthened significantly. What exactly does this mean for...

Mar 25 2021

The Dollar’s Role In The Bitcoin Bloodbath Explained

Mar 25 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin is back trading at prices it began the month at, wiping out most of the current monthly candle. Ahead of a dangerous quarterly close, and amidst several bearish signals in the top cryptocurrency, the dollar is currently regaining strength and is a large factor in the recent market-wide selloff. Here's a closer look at how the dollar is impacting Bitcoin's bull run,...

Mar 23 2021

Bitcoin Price Eyes More Explosions as Biden Considers New $3tn Package

Mar 23 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt cryptocurrency dxy

Bitcoin investors keen to profit from Joe Biden's presidency have received another bullish update from the oval office: a $3 trillion government spending package. According to two sources in the White House, Mr. Biden is considering a plan from his top advisors to boost infrastructure, clean energy, childcare, and...

Mar 09 2021

Decision Time In The Dollar Could Impact Bitcoin Trend Dramatically

Mar 09 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin price is back trending upward after reclaiming $50,000 and the pivotal $1 trillion market cap level. With new all-time highs in sight, the only factor that could have a dramatic impact on the current crypto market trend, is a reversal in the dollar. This reversal has been brewing for some time, but has yet to come to fruition. It's now decision time,...

Mar 08 2021

US Dollar’s Boom in 2021 Puts Bitcoin Price Rally At Risk of Faltering

Mar 08 2021 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt cryptocurrency dxy

Many Bitcoin strategists and investors started 2021 with deep-rooted convictions that the US dollar would weaken. But so far into the year, their predictions have proven to be false. While Bitcoin has gained 73 percent against the dollar since the start of January, extending its uptrend further since the pandemic rout in March 2020, the greenback is trading higher against a basket of...

Feb 04 2021

Bullish Bitcoin Ignores The Dollar’s Dramatic Rebound

Feb 04 2021 Published at Bitcoinist.com under tags  altcoin bitcoin btc btcusd btcusdt

Bitcoin price has pulled back slightly but only after a more than 15% climb back toward previous highs. Thus far, a clean breakout has yet to arrive, but unseen by the naked eye, something important is going on in the relationship between Bitcoin and the dollar. The dollar is rebounding hard, yet the leading cryptocurrency by market cap has completely ignored the impulse....

Jan 18 2021

The Three Factors That Could Topple The Recent Bitcoin Rally

Jan 18 2021 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt crypto

Bitcoin has held above $30,000 for nearly two full weeks, and the former all- time high of $20,000 seems like a distant memory. But there are three factors that are only growing in threat that could topple the epic bull run the cryptocurrency has been on. Bitcoin Holds Above $30,000 For Almost Two Weeks, But Strength Could Be Waning The leading cryptocurrency by market...

Jan 12 2021

3 Reasons Why Bitcoin Price Crashed by More Than $11,000

Bitcoin suffered a major price crash during the weekend and on Monday after securing a milestone high of $41,986. The flagship cryptocurrency shed more than $11,000, or roughly 29 percent, in just three days of trading to hit a session low just shy of $30,000. Its plunge...

Dec 21 2020

Bitcoin Weekly Outlook: Expect Mild Corrections Ahead of Holiday Period

Dec 21 2020 Published at Bitcoinist.com under tags  bitcoin btcusd btcusdt cryptocurrency dxy

At 22.49 percent higher, Bitcoin logged its best week since April 2019. The benchmark cryptocurrency ascended to its lifetime record level of $24,300, up 22. as traders assessed its growing prominence as an emerging safe-haven alternative among institutional investors. The...

Dec 04 2020

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

Dec 04 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusdt btusd crypto

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. The flight to cash caused Black...

Oct 28 2020

How The Dollar (DXY) Is Responsible For Bitcoin Rejection Under $14,000

Oct 28 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdt btcusdtc

Bitcoin has been explosive for the past few weeks now, revisiting highs from 2019. But before the leading cryptocurrency by market cap could set a higher high and confirm a bull market, the dollar's recovery might have gotten in the way. According to the DXY Dollar Currency Index, the greenback has formed a rounding bottom and broken upward out from a falling wedge...

Oct 23 2020

Bitcoin Remains The Best Protection Against A “Devalued Dollar”

Oct 23 2020 Published at Bitcoinist.com under tags  altcoins bitcoin btc btcusd btcusdc

During a time when money has become more difficult to come by for many, and the fiat monetary system is on the brink of collapse, Bitcoin might be the best chance at protecting wealth. One CEO of a risk management firm that educates investors on how to protect capital, claims that the leading cryptocurrency by market cap "remains the best short-term macro correlation"...

Oct 14 2020

3 Biggest Bitcoin Takeaways from JPMorgan’s Q3 Earnings

JPMorgan is not a Bitcoin indicator. But the American banking giant's third- quarter earnings report is full of anecdotes that may influence the cryptocurrency's future outlook – in one way or another. Background The JPMorgan earnings showed an increase in profits by about 4 percent from a year ago. The WSJ...

Oct 12 2020

Analyst Sees Bitcoin at $12K after Price Rises Five Days in a Row

Bitcoin should surge to $12,000 by the end of this week, according to Josh Rager of Blockroots.com. The analyst raised his price target for the cryptocurrency after it logged a five-day winning streak ending Sunday. In that period, BTC/USD surged by more than 7.5 percent, hitting a weekly high at $11,498 as traders hoped for...

Bitcoin Weekly Outlook: Expect Downside Correction as Stimulus Enters Deadlock

A significant price rebound in the Bitcoin market last week is now at the risk of paring in the current one. The benchmark cryptocurrency has opened Monday in positive territory. As of 0516 UTC, it was trading for $11,405, up 16.27 percent from its recent bottom and down 8.62 percent from its year-to-date high....

Oct 09 2020

Dollar Index Fractal Suggests An Incredible Altcoin Season Is On The Horizon

Bitcoin and altcoins are directly opposed to fiat currencies, typically offering a hard-capped supply while the dollar and others can be printed with no limit. That constant printing throughout 2020 has left the greenback with its back against the wall, facing off against gold, crypto, and other nation's currencies to maintain its global reserve status. And while that title is likely to be...

Oct 08 2020

The Dollar Is Building Bullish Momentum As Bitcoin’s Wanes

Oct 08 2020 Published at Bitcoinist.com under tags  bitcoin btc btcusd btcusdc btcusdt

Bitcoin price just pumped following news that Square made a massive purchase in BTC, however, the dollar regaining momentum as the top cryptocurrency's wanes, could soon suggest a pullback and a better buying opportunity for the major payments corporation. Here's what inversely correlated technicals are saying about the two vehemently opposed currencies. Why The Dollar's Rebound Threaten's Bitcoin's Bull Run...

Oct 07 2020

Troubles for Bitcoin Grow as Analyst Spots “Potential Death Cross”

Bitcoin is on the verge of painting a Death Cross. The technical chart pattern–which forms after an asset's short-term moving average closes below its long-term moving average–holds credibility for predicting bearish markets. In the stock market crash of 2008, for instance, many investors credited Death Cross for...

Expect a Short-term Setback in Bitcoin Market, Asserts OKCoin Exchange

Bitcoin is bracing for a bearish impact in the short- to medium-term, according to OKCoin. The San Francisco-based cryptocurrency exchange cited data from IntoTheBlock, a blockchain intelligence platform, that painted Bitcoin's two out of seven on-chain fundamentals as...

Oct 06 2020

Bitcoin Analyst Sees “Accumulation Signals” as Price Eyes Breakout

The Bitcoin price expects to grow higher in the coming sessions as a historically accurate indicator flashes signs of substantial accumulation. Spotted by TradingShot, an independent market analysis portal, the "on-chain smart money indicator" shows that influential traders/investors are...

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