Dicing / 1 posts found

Bitcoin Dicing With Death as Dollar Drives Dump

Bitcoin Dicing With Death as Dollar Drives Dump

Reading Time: 2 minutes Bitcoin has dropped through a crucial support level at $18,700 The U.S. Dollar Index is going the opposite way, soaring to fresh highs This is a recipe for disaster for the crypto market Bitcoin is sitting very precariously right underneath a crucial support zone after yesterday’s interest rate hike caused the U.S. Dollar Index to spike. The DXY has now broken through the last resistance before its 2002 top of 120, and with more money rushing to the safe haven of the dollar it seems that both crypto and traditional markets are about to take another […]