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The rising US dollar is a threat to the crypto
The crypto market capitalisation lost almost 3% in 24 hours, hitting a sell-off after a surge to historic highs at the start of the week. Such pullbacks have become a frequent occurrence in the crypto market – an important consequence of the growing number of professional cryptocurrency traders who take profits on the way up. Bitcoin lost more than 4% during Tuesday’s active US session, barely holding above $120k. It stabilised on Wednesday at the start of the day in the $121-122K range, turning July’s resistance area into support. On the buyers’ side, gold and stock indices are at historic highs. However, we ... (full story)
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