The dollar plummets while the crypto market surges! How long can this last?
Bitcoin has risen to 87,000 points, leaving many people in shock! The key factor is the collapse of the dollar, with the dollar index dropping below 98, which directly boosted Bitcoin. However, U.S. stock futures are declining, and bond yields are rising, with traditional markets still worried about the economy.
Now the trade war has escalated into a currency war, with Trump aggressively taking advantage of Japan and South Korea, forcing the yen and won to appreciate. The focus of this market trend is on two points: first, whether the dollar will continue to depreciate, which would be favorable for the crypto market; second, whether the depreciation of the dollar will cause a collapse in U.S. stocks. If U.S. stocks crash, it will be difficult for Bitcoin to hold above 88,000.
In the coming days, the Nasdaq earnings report and GDP data will be crucial, directly impacting the trajectory of the U.S. economy. The market is currently too chaotic, and this surge is just a rebound. To wait for a market reversal, we must see if Bitcoin can hold its ground, and hope that Trump won't create more trouble. 进来聊聊天 币安王牌KOL交流群,点击加入! #特朗普施压鲍威尔 #美股下挫 #币安HODLer空投HYPER $BTC