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However, the cryptocurrency is impacted by more than Treasury yields, and gold also moved lower today. The dollar continued to strengthen, and Bitcoin, as an alternative currency, tends to have an ...
The dollar was up by about 1.65% against a host of different currencies, including the pound, euro and the Japanese yen The pound sank 1.16% against the US dollar to its lowest level since August
Add it up and investors are selling risk assets today. Bitcoin (CRYPTO: BTC) is the biggest loser, falling 6.2% in the past 24 hours as of 3 p.m. ET and dropping below the $100,000 level.
Perhaps most importantly, rate cuts typically weaken the U.S. dollar, which could spur inflation. This is where Bitcoin's unique properties truly shine. Unlike fiat currencies, which central banks ...
The US dollar index hit its highest point since July. Cryptocurrencies, which are considered part of the so-called Trump trade, jumped as well. Bitcoin surpassed $75,000, hitting an all-time high ...
Darkening skies over Europe's economy, trade and politics sent the euro plummeting to its lowest in two years - just 3% from dollar parity - as post-election U.S. crypto optimism sees Bitcoin ...
The Bloomberg Dollar Spot Index was up as much as 1.7%, the most in four years, hitting its highest level since November 2023. The greenback climbed against every G10 currency, including gains ...
After rising as much as 9% in early trading, MicroStrategy, a company that’s been raising cash just to buy bitcoin, swung to a loss of 4.8%. Crypto exchange Coinbase Global fell 3.1% after ...
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