Category: btcusd

Bitcoin price eyes $50K as the US Dollar retreats after hitting its one-year high

Bitcoin price eyes $50K as the US Dollar retreats after hitting its one-year high

Bitcoin (BTC) looks to reclaim $45,000 on Oct. 1 as the U.S dollar retreated lower after hitting its one-year high. Bitcoin’s tight inverse correlation with the greenback over the past month suggests that a weakening dollar could push BTC price even higher in the coming sessions.  Bitcoin-dollar correlation on hourly chart. Source: TradingView.com Dollar drops […]

Continue Reading

Bitcoin jumps toward $49K amid fears 5%-plus inflation is here to stay

Bitcoin jumps toward $49K amid fears 5%-plus inflation is here to stay

Bitcoin (BTC) inched higher on Sept. 18 as the focus shifted to the Federal Open Market Committee’s (FOMC) policy meeting in the wake of lower inflation numbers last Tuesday. The BTC/USD exchange rate approached $49,000 on the Coinbase exchange, hitting $48,825 before turning lower on interim profit-taking sentiment. Nonetheless, the move uphill raised expectations that […]

Continue Reading

Gold, bond portfolios are ‘naked’ without Bitcoin, Bloomberg strategist asserts

Gold, bond portfolios are ‘naked’ without Bitcoin, Bloomberg strategist asserts

What is protecting an investment portfolio from potential stock market volatility? As per Bloomberg Intelligence’s Mike McGlone, a merged exposure of Bitcoin (BTC), gold, and government bonds. The senior commodity strategist, who sees BTC heading to $100,000, pitted derivatives in a new report representing the three safe-haven assets against the performance of the S&P 500 index, finding […]

Continue Reading