Bitcoin faces fresh pressure as US dollar crushes gold, risk assets
— Recession ," part, Usd strength laying waste, Pointed, Tradingviewcrypto fear, Gold, Assets, 5 things, Health, Voiced caution — 1 min read
Bitcoin (BTC) hit daily lows on the July 5 Wall Street open as the U.S. dollar saw a violent surge higher. BTC/USD retreated to $19,281 on Bitstamp as the Independence Day long weekend concluded with a bump. Bitcoin analysts waited for signs of a trend reversal to provide some relief to crypto markets. The Crypto Fear & Greed Index stood at 19/100 on the day, still indicative of "extreme fear" but nonetheless its highest reading since before the Terra LUNA debacle in May. Bitcoin futures market sentiment is still "neutral to positive" on BTC under current circumstances, however, according to analysts. The taker buy/sell ratio, which indicates whether buyers or sellers are in control, saw some relief. Source