The US dollar down; What happens to Bitcoin?
A lot of interesting things are happening in the world of finance right now. It seems that the US dollar rush is finally showing signs of weakening. In fact, the US dollar is tanking in value now. At the same time, the demand for gold bullion is rising once again. Unfortunately, none of this news is doing much for Bitcoin, as cryptocurrency remains trapped in side actions for now.
In this sense, investors were quite surprised to see the US dollar, suddenly losing value. On the other hand, retail sales and inflation data released this week do not bode well for the US economy. It is clear that things are not progressing as well as the Federal Reserve wants everyone to believe. In fact, the financial institution feels that the next rise in interest rates is for long because of the negative outlook. It’s all a matter of you choosing who you will believe these days.
Therefore, there are many questions regarding the dollar because of data that have disappointed. Rest assured that the market is clearly showing your interpretation of these figures.
It is undoubtedly the US dollar. Is taking a large dump right now, which is only time, therefore you have to wait. As demand for the US dollar plummets, investors will come to different asset classes. Nobody will be surprised to see that gold and silver are in a fairly high demand right now. It is only a matter of time until prices rise for silver and gold. These safe haven assets always work well when fiat markets become unstable and show their red numbers.
However, it should not be forgotten that a rise in prices for gold and silver is quite interesting. This impulse clearly highlights that there is growing concern about the advance of the US dollar. It is possible that this is only a temporary touch on the radar, although the experts are not too convinced. Things have been steeped in much uncertainty for the US dollar. For quite some time. It has taken some time before markets reach what has been speculated for more than two months.
For those who think that the fall of the US dollar is good for Bitcoin, you may want to rethink that assessment. At this time, the price of Bitcoin is slow too. This has been a recurring theme in recent days. It is clear that Bitcoin will not reach $ 3,000 in a short time, it is not early at this rate. In fact, it seemed to exceed $ 2,850 this is more than the market can handle at this time. The next few weeks will surely be quite interesting in all finance, including cryptocurrency.
Bitcoin prices provided by historical data tend to rise then stabilize, for a time, the global economy and market uncertainty can help their price hike, the important thing is to see the events and make the best decision, That depends on each one of the investors, you have to educate yourself to keep looking for information. New ads are expected.
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