First Mover Asia: Bitcoin Holds Strong Over $19K; Why Is the Dollar Dominating? – CoinDesk

First Mover Asia: Bitcoin Holds Strong Over $19K; Why Is the Dollar Dominating? – CoinDesk

Three weeks ago, before the U.S. central bank raised interest rates a hawkish 75 basis points, before bond yields rose to 15-year highs and the British pound tanked, before the Dow Jones Industrial Average sank into bear market territory, Russia escalated its unprovoked invasion of Ukraine and the prospects of a severe global recession increased exponentially, the largest cryptocurrency by market capitalization was trading above $19,000.


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