Bitcoin’s Downward Risk Increases As the Dollar Strengthen
Bitcoin’s price failed to break the $35,000 mark the psychological barrier yesterday. Along with other risk-on fiat currencies, Bitcoin is worrying over Democrats might not be able to pass the next round of stimulus until March. The US dollar as the main counterparty has risen nearly 2% from the low at the beginning of the year. Therefore, Bitcoin may see a further correction until the stimulus passes.
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