news

bitcoin

1 X bitcoin bitcoin =

Wednesday

30 September 2020

Macroeconomic Trends Boost Bitcoin and Gold, US Dollar Index Shows Bearish Double-Top | Economics Bitcoin News

Macroeconomic Trends Boost Bitcoin and Gold, US Dollar Index Shows Bearish Double-Top | Economics Bitcoin News


smart summary beta

Macroeconomic Trends Boost Bitcoin and Gold, US Dollar Index Shows Bearish Double-Top.

Moreover, recent technical analysis shows the dollar’s trade-weighted index chart indicates the USD might be in for a gigantic slide in value in the near future.

Federal Reserve plan to convene this week, both gold and bitcoin (BTC) markets have started to climb in value ahead of the meeting.

dollar has started to show signs of weakness again after losing massive amounts of value this year.

dollar index (DXY) could see a sharper fall in the near future according to a technical analysis report published on Monday.

When the members of the Fed meet on Tuesday and Wednesday, a number of analysts and economists think the meeting will fuel bitcoin and precious metals like gold.

commercial real estate markets have started to show signs of pending disaster.

dollar value drop is just starting and there is “room for the world’s reserve currency to weaken against emerging markets.” Many emerging markets worldwide have advanced the use of crypto assets and decentralized finance (defi) markets

Let us know what you think about this subject in the comments section below

Goto Full Article

bitcoin bitcoin price

$9106.76

24h

Live Average

bitcoin

News Article Sentiment

negative

Score (-0.3)

Article Metadata

author

site

bitcoin.com
Market data feeds provided by cryptocompare.com
bitsmart 2018