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BTC/USD: Negative Outlook as the DXY Index Spikes
Cryptocurrencies and stocks dropped as concerns about the American economy continued. The BTC/USD pair dropped to a low of 26,162 on Thursday morning, lower than this year’s high of $31,000. Similarly, the Dow Jones and Nasdaq 100 indices dropped by more than 0.50%. US debt ceiling concerns The main reason why the BTC/USD pair dropped was the ongoing concerns about the American debt limit issue. Democrats and Republican negotiators have struggled to come up with a solution to keep the government funded in the coming days. As a result, there are concerns that the US, which holds over $31 trillion of debt, could ... (full story)
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- Posted: May 25, 2023 6:51am
- Submitted by:Category: Technical AnalysisComments: 0 / Views: 64
