Bitcoin (BTC) and the US Dollar (DXY)
The current price of Bitcoin is $64,237.48 per BTC.
The total market cap of Bitcoin has reached $1,266,809,053,218.61.
The amount of Bitcoin traded has fallen by $6,558,893,657.36 in the last 24 hours, which is a 51.93% decrease.
Since last month, the exchange rate of Bitcoin has decreased by 8.07%.
Since last year, the price of Bitcoin has increased by +114.91%.
The US dollar has been increasing since July 2023.
The interest rate reached 5% in the shortest amount of time in US economic history.
The Federal Reserve has stated that it will maintain the interest rate to combat inflation.
Bitcoin is unlikely to break out due to the current environment.
The global liquidity cycle is increasing.
The effect of a strong dollar on Bitcoin is a decrease in asset prices.
Bitcoin has increased thousands of times more than the DXY since 2008.
Bitcoin has a supply of 21 million, whereas the US dollar has no backing and is being printed at a rate of $1 trillion every 100 days.
The wealth of US citizens is decreasing by 12% per year due to inflation and currency debasement.
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