Bitcoinist
2020-07-18 01:49:47

US Dollar May Plunge: Macro Analyst Explains Why That’s Crucial for Bitcoin

For the longest time, Bitcoin was seen as an asset that is independent of the movements of traditional markets. But, the pandemic struck. It has dramatically altered the state of the global economy, with analysts now arguing that BTC’s directionality is dependent on certain markets. One such market that strongly influences Bitcoin according to analysts is that of the U.S. dollar. After all, the U.S. dollar is the world’s reserve currency, accounting for much of […]

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