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Bitcoin’s (BTC) Inverse Ties With Dollar Index (DXY) Challenged as U.S. Election Looms

October 16, 2024
in Crypto Updates
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“The upside convexity on a Trump win is price being lengthy, and we’re seeing market contributors constructing positions within the lead-up. Within the absence of an escalating disaster, we see BTCUSD at 70,000 within the coming weeks, persevering with off present draw back help, with equities breaking additional highs,” crypto liquidity supplier Zerocap’s Chief Funding Officer Jonathan de Moist mentioned in an electronic mail.



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Tags: BitcoinsBTCChallengeddollarDXYElectionindexInverseLoomsTiesU.S
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