Bitcoin Posts Biggest Monthly Price Loss Since March
Bitcoin faced selling pressure in September as the U.S. dollar rose against major currencies for the first time in six months.
Bitcoin has already passed the $68,000 mark in Nigeria, but that’s if you use the official exchange rate. Awosika Ayodeji, a Nigerian blockchain project designer, isn’t complaining. He is happy to wake up and see bitcoin prices quoted using unofficial U.S. dollar exchange rates because it means he’d be getting more naira per dollar when […]
Analysts cautioned that a stronger dollar could play spoilsport to any new push higher.
The greenback has something else going for it cryptocurrencies don't: the bond market, notes Marc Chandler.
Bitcoin's crash Monday came alongside a bounce in the Dollar Index.
A continued decline in the U.S. dollar and rising inflation expectations support bitcoin's long-term bullish case as a hedge asset.