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Bitcoin’s Big Drop Again Coincides With US Dollar Bounce in Forex Markets
Bitcoin continues to trade in the opposite direction to the Dollar Index in a reflection of the cryptocurrency’s maturation as a macro asset like gold. The top cryptocurrency by market value slumped to $32,400 early on Monday, having set record highs above $41,800 on Friday. The crash came alongside a bounce in the Dollar Index (DXY), which tracks the greenback’s value against major currencies. The DXY has jumped to two-week highs near 90.50, extending a two-day winning streak. The index reached a 33-month low of 89.21 on Jan. 6, according to TradingView. Since the major markets crash in March, bitcoin (BTC, ... (full story)
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- Lamplighter
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- Lamplighter
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Beware of robber banks (RB), bad advisors.
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You don't know because you don't ask.
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You don't know because you don't ask.