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BTC/USD: Plunges as USD Strengthens
As you can see, Bitcoin has had a rough ride during the trading session here on Thursday, as we are testing the $120,000 level. This is a market that I think you need to watch very closely because it does give you a little bit of a mass signal on what risk appetite is going to be. Now, I don't think that Bitcoin is going to fall apart, but we are starting to see the US dollar pick up some strength. That might not be what people are expecting to see. After all, I've started to hear things about how the US dollar is going to lose the world's reserve currency status. It's going to zero and everything else in between. ... (full story)
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