$BTC • Gold and USD: Gold has an inverse correlation with USD. When USD depreciates, the price of gold rises because more USD is needed to buy gold.

• Oil and USD: The price of oil usually has an inverse correlation with USD. When USD strengthens, the price of oil decreases because less USD is needed to buy a barrel of oil.

• Currency wars: Currency wars (such as US-China) can cause USD to appreciate, putting downward pressure on oil and gold prices, while negatively impacting stocks and cryptocurrencies.

BTC

104,318.33