Bitcoin rises against USD after Mnuchin promises second stimulus check

Bitcoin (BTC) may see a price boost this week as the U.S. dollar currency index (DXY) weakens and one analyst tells American voters to buy.

Data showed DXY dropping for a fourth day on Oct. 1, as negotiations over a new coronavirus stimulus deal continued in Washington.

Vays: “Buy Bitcoin” no matter who wins the U.S. election

DXY and BTC/USD have demonstrated a strong inverse correlation in recent months. Recent DXY gains did not translate into intense selling pressure for Bitcoin, but…

Source link

About bitcoin

Check Also

JPMorgan turns bullish on Bitcoin citing ‘potential long-term upside’

JPMorgan, the $316 billion investment banking giant, said the potential long-term upside for Bitcoin (BTC) …

Leave a Reply

Your email address will not be published. Required fields are marked *