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Bitcoin's Fall is US Dollar's Gain: The Debasement Trade is Under Pressure
The dollar benefits as investors turn away from cryptocurrencies and gold, and there could be further gains ahead. Bitcoin and gold prices are under pressure and the dollar is rising: the debasement trade of 2025 is being questioned, and that opens the door to further USD gains say analysts we follow. "There could be further unwinding of last year's popular dollar de-basement trade idea, where expectations of a compromised Fed had led to demand for gold, bitcoin and the Swiss franc," says Chris Turner, head of FX analysis at ING Bank. The dollar index - a measure of broader USD performance - is up 0.40% on the week ... (full story)
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