Analysis: The US dollar may continue to strengthen, putting pressure on Bitcoin in the future
CoinDesk analyst James Van Straten stated that since U.S. President-elect Donald Trump achieved a landslide victory in the election two months ago, the dollar has appreciated by more than 3% against other currencies, consistent with the trend following Trump's victory in 2016. Considering Trump's policies and the Federal Reserve's expected interest rate stance, the dollar may continue to strengthen, which could put pressure on Bitcoin in the coming months. (CoinDesk)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
SNT Holdings, Related Party Raise Combined Stake in SNTEnergy to 55.75% From 52.75%
Cold wave and rising fuel costs drive electricity prices in northeastern Japan and Tokyo to a four-year high
Japan's spot electricity prices surged to multi-year highs over the weekend.
Google (GOOGL.US) warns that new Australian cybersecurity regulations may cut off minors' access to Gmail
Google stated that a new cybersecurity bill in Australia could prevent minors from using Gmail.
Canaccord Genuity: Lowers Oklo's target price to $66
Crypto prices
More
