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What Bitcoin over $50k could mean for US dollar

From ig.com

{video} Bitcoin (BTC), the flagship cryptocurrency, has made an impressive rebound, soaring to $50,000 after experiencing a dip below $40,000 in January. This surge has brought Bitcoin prices to two-year highs, showcasing the volatile nature of cryptocurrency trading. The price movements of Bitcoin have often been an area of interest for traders looking to capitalize on the digital asset's fluctuations and for its relationship to movements in other assets. Simultaneously, the US dollar (USD), which is a benchmark for global currency strength, has remained near recent highs against the euro (EUR) - EUR/USD trading ... (full story)

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  • Category: Technical Analysis