Dollar Slump Favors Gold Over Bitcoin
Visit our platform to discover crypto trading strategies, access our premium Binance Futures Bot and Futures Leverage Bot, and get assistance with your crypto trades – https://telegram.me/freebitmexsignals Analysts say a weak dollar only helps Bitcoin during easy liquidity or inflation, not during risk-off capital preservation. Bitcoin (BTC) fell to $86,000 on Sunday as global markets turned defensive, even while the U.S. dollar weakened on fears of currency intervention and bond market stress in Japan. The move has challenged the common view that a falling dollar automatically lifts Bitcoin, with capital instead flowing into gold and silver. The split matters because it shows where investors are seeking protection during the current bout of uncertainty and why BTC is trading more like a risk asset than a hedge as confidence in fiat currencies wavers. Weak Dollar, Risk-Off Mood Keeps Pressure on BTC Market observers note that the dollar’s recent decline has not propelled Bitcoin higher...