Due to global uncertainty, $DXY and $BTC are rising simultaneously.
The Maduro events caused both the #DOLLAR index and Bitcoin, which serves as digital gold, to rise at the same time. This is an unusual situation for the markets. In this uncertain environment, small investors are shifting to the dollar, while institutional investors prefer assets like #Bitcoin #GOLD etc.
The real critical point is that while these assets are rising, Bitcoin Dominance is also increasing. I expect sharp upward movements in the crypto market this week in this environment.
⚠️ #advertisement or investment advice. Analysis is my personal opinion. It is not definitive.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Due to global uncertainty, $DXY and $BTC are rising simultaneously.
The Maduro events caused both the #DOLLAR index and Bitcoin, which serves as digital gold, to rise at the same time. This is an unusual situation for the markets. In this uncertain environment, small investors are shifting to the dollar, while institutional investors prefer assets like #Bitcoin #GOLD etc.
The real critical point is that while these assets are rising, Bitcoin Dominance is also increasing. I expect sharp upward movements in the crypto market this week in this environment.
⚠️ #advertisement or investment advice. Analysis is my personal opinion. It is not definitive.