Trump’s First Inflation Report Due as Risk investors Seek Signs of Cooling
Slower inflation could raise the chance of interest-rate cuts that might boost riskier assets such as cryptocurrencies. The consumer price index (CPI) report due Wednesday…
Tag: Dollar Index
Bitcoin Holds Above 200-Week Average as Dollar Index Rallies Most Since February
Analysts expect the U.S. dollar to continue gaining ground in the near-term, keeping risk assets under pressure. The heavily shorted U.S. dollar surged against the basket of…
Biden’s $1.9T Relief Package Proposal Fails to Stir Bitcoin Market
Bitcoin’s two-day rally has stalled as the U.S. dollar gains ground in the wake of Joe Biden’s fiscal stimulus announcement. The U.S. President-elect proposed an emergency relief…
Strong Correlation Between Bitcoin (BTC) And The Dollar Index Suggests Market Correction Is Over
Bitcoin (BTC) has sung to the tune of the US Dollar for as long as we can remember. This is how it goes with the US…