Thursday 24 June 2021

Bitcoin VS. The US Dollar

Given the recent surge in the valuation of the US Dollar Currency Index (DXY), it may be useful to briefly discuss the relationship between the US Dollar and Bitcoin again. Can the US Dollar make a sustained move to the upside, which would in turn make it even harder for Bitcoin to immediately recover? Or will the DXY drop quickly, and lead to a swift recovery by Bitcoin? TA Video by Benjamin Cowen.