The weakening of the dollar may help Bitcoin rise again.

According to a report by Jin10, LMAX Group strategist Joel Kruger stated that the weakening of the US dollar, combined with an increased risk appetite among investors, could help to boost Bitcoin again. Bitcoin fell by 1.7% due to trade uncertainties and concerns over tensions in the Middle East. The dollar index dropped to a three-year low of 97.789. “The weakness of the dollar usually benefits Crypto Assets, and as investors return to higher-risk assets, the potential Rebound of Bitcoin and Ethereum will be supported.” (Jin10)

BTC1.17%
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