Bitcoin (BTC) $85,502.40 4.90%
Ethereum (ETH) $2,735.91 2.69%
Tether (USDT) $1.00 -0.01%
Solana (SOL) 117.010189 4.69%
Chainlink (LINK) $12.96 3.18%
Cardano (ADA) $0.24 5.64%
Litecoin (LTC) $61.04 4.68%
Dash (DASH) $60.01 4.69%
Polygon (MATIC) 0.25693 2.45%
Helium (HNT) 0.482274 5.43%
X-Cash (XCASH) 3.0E-6 0.00%
Dogecoin (DOGE) $0.00 6.63%

Cryptocurrencies: 30083

Markets: 114757

Market Cap: $2,905,163,519,719

24h Vol: $151,492,850,957

Coin-turk.com

2023-10-06 20:13:13

The Impact of the US Dollar on Bitcoin: Potential Clues for the Crypto Market

The Impact of the US Dollar on Bitcoin: Potential Clues for the Crypto Market

The negative correlation between the US Dollar Index (DXY) and the stock prices of the largest US companies (SPX) can carry some clues for the cryptocurrency sector and Bitcoin (BTC). If the upward trend of the dollar ends, both stock markets and cryptocurrencies may experience a recovery in the near future.The post The Impact of the US Dollar on Bitcoin: Potential Clues for the Crypto Market appeared first on COINTURK NEWS.

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