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

in DLIKE5 years ago

STEEM POSTS

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.


Shared On DLIKE

Coin Marketplace

STEEM 0.17
TRX 0.24
JST 0.034
BTC 96422.40
ETH 2763.88
SBD 0.67