The Dollar Index disconnect from Bitcoin does not necessarily mean that BTC price is about to experience a big rally, historic data suggests.
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Can Bitcoin repeat a 2017-like rally as dollar correlation reverses?
There is a common belief that when the U.S. dollar declines relative to other main global currencies, as measured by the Dollar Strength Index (DXY), the impact on Bitcoin (BTC) is positive, and vice versa.
For instance, the DXY index dropped from 103.0 on Jan. 2017 to a 92.6 low on Aug. 2017, while Bitcoin rallied from $1,000 to $4,930 in the same period. But is there enough evidence to justify a bull run similar to 2016–17, as some analysts are arguing?
But is there enough evidence to justify a bull run similar to 2016–2017, as some analysts are arguing?
Is the Bitcoin-dollar inverse trend real?
Traders and influencers frequently warn about this negative correlation and how a reversal of DXY will likely push the Bitcoin price higher.
Investment research @GameofTrades_ recently posted a chart presenting the pattern in early 2023 and then repeating itself later in May. There’s some indisputable evidence of the inverse correlation there.
Heating a home with a Bitcoin miner: Staying warm with sats
The heat generated from Bitcoin mining could make mining at home more accessible, affordable and environmentally friendly.
Should you ‘orange pill’ children? The case for Bitcoin kids books
Bitcoiners want to pass on their values to the next generation and BTC kids books aim to help. But is it education or indoctrination?
Should you ‘orange pill’ children? The case for Bitcoin kids books
Bitcoiners want to pass on their values to the next generation and BTC kids books aim to help. But is it education or indoctrination?
Should you ‘orange pill’ children? The case for Bitcoin kids books
“Any kid who doesn’t learn something about Bitcoin is missing out,” says Bitcoin advocate Ben De Waal.
De Waal explains that his 12-year-old daughter Samantha has already convinced “a couple” of her schoolmates and a teacher to hop on the Bitcoin bandwagon, though she’s not attempting to “orange pill the entire school”… yet.
Ben De Waal. (Supplied)Thanks to her upbringing in a “Bitcoin family” that has largely abandoned fiat currency, Sam is now a Bitcoin ambassador wunderkind nicknamed The Bitcoin Kid.
De Waal himself discovered Bitcoin “around 2010” and dedicated his life to it around 2016 (sadly, after he deleted 200 Bitcoin!). He’s worked in engineering leadership positions at both Swan Bitcoin and Lightning Labs and explains he first introduced Sam to children’s books about Bitcoin when she was just 10 years old.
Just two years after she read her first Bitcoin book, Sam found herself on the grand stage of BTC Prague 2023 in mid-June, delivering a speech about Bitcoin.
Should you ‘orange pill’ children? The case for Bitcoin kids books
Bitcoiners want to pass on their values to the next generation and BTC kids books aim to help. But is it education or indoctrination?
Should you ‘orange pill’ children? The case for Bitcoin kids books
Bitcoiners want to pass on their values to the next generation and BTC kids books aim to help. But is it education or indoctrination?
Should you ‘orange pill’ children? The case for Bitcoin kids books
“Any kid who doesn’t learn something about Bitcoin is missing out,” says Bitcoin advocate Ben De Waal.
De Waal explains that his 12-year-old daughter Samantha has already convinced “a couple” of her schoolmates and a teacher to hop on the Bitcoin bandwagon, though she’s not attempting to “orange pill the entire school”… yet.
Ben De Waal. (Supplied)Thanks to her upbringing in a “Bitcoin family” that has largely abandoned fiat currency, Sam is now a Bitcoin ambassador wunderkind nicknamed The Bitcoin Kid.
De Waal himself discovered Bitcoin “around 2010” and dedicated his life to it around 2016 (sadly, after he deleted 200 Bitcoin!). He’s worked in engineering leadership positions at both Swan Bitcoin and Lightning Labs and explains he first introduced Sam to children’s books about Bitcoin when she was just 10 years old.
Just two years after she read her first Bitcoin book, Sam found herself on the grand stage of BTC Prague 2023 in mid-June, delivering a speech about Bitcoin.
Should you ‘orange pill’ children? The case for Bitcoin kids books
“Any kid who doesn’t learn something about Bitcoin is missing out,” says Bitcoin advocate Ben De Waal.
De Waal explains that his 12-year-old daughter Samantha has already convinced “a couple” of her schoolmates and a teacher to hop on the Bitcoin bandwagon, though she’s not attempting to “orange pill the entire school”… yet.
Ben De Waal. (Supplied)Thanks to her upbringing in a “Bitcoin family” that has largely abandoned fiat currency, Sam is now a Bitcoin ambassador wunderkind nicknamed The Bitcoin Kid.
De Waal himself discovered Bitcoin “around 2010” and dedicated his life to it around 2016 (sadly, after he deleted 200 Bitcoin!). He’s worked in engineering leadership positions at both Swan Bitcoin and Lightning Labs and explains he first introduced Sam to children’s books about Bitcoin when she was just 10 years old.
Just two years after she read her first Bitcoin book, Sam found herself on the grand stage of BTC Prague 2023 in mid-June, delivering a speech about Bitcoin.
Crypto developer commits $2M rug pull fraud to fuel gambling addiction
According to a Reddit post, a developer has posted an unusual farewell note, apologizing and blaming his online gambling woes after leaving a project in shambles, turning a $2 million valuation into $20,000 within minutes.
Several investors in the Encryption AI (0xEncrypt) project have reported that its developer performed a rug pull during a liquidity migration event. As a result, the project’s token called 0xEncrypt went from trading at around $2.05 to an all-time low of $0.02. Token data aggregator CoinGecko recorded the massive price drop around July 2.
7-day price chart for Encryption AI's token. Source: CoinGeckoUnlike other rug pulls, the developer decided to leave a letter to the project’s community, apologizing for his actions, and blaming his gambling addiction for the move before disappearing and deleting all the social media platforms of the project.
Various investors shared a screenshot of the developer's message on social media. Within the post, the developer shared his struggles with gambling and highlighted that he lost $300,000 in online casinos. In addition, though the developer was unable to guarantee that he would make amends or relaunch the project, he promised to “make every effort to become a better person.”
Related: How to spot a rug pull in DeFi: 6 tips from Cointelegraph
Bitcoin traders hope to 'buy the dip' as BTC price heads toward $30K
BTC price action teases a slow comedown to support, with Bitcoin dip-buyers at the ready.
Bitcoin traders hope to 'buy the dip' as BTC price heads toward $30K
Bitcoin (BTC) headed lower into the July 5 Wall Street open as a risk-off mood entered United States equities.
BTC/USD 1-day chart. Source: TradingViewBTC price begins hitting dip-buying targets
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD tapping multi-day lows of $30,280 on Bitstamp.
BTC price action continued a sideways trading pattern within a larger range in place practically since mid-June.
With no discernible progress toward breaking topside resistance, Bitcoin traders hoped that a sweep of the lows would provide the fuel bulls needed.
Popular trader Crypto Ed had his eye on the area at $30,000 or just below on the day.
OPNX launches ‘oUSD’ credit currency for crypto margin trading
The new “credit currency” will allow users to rely on cryptocurrencies as collateral without needing to obtain loans from other institutions.
Is this the start of the next bull run?
On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses whether Bitcoin touching $31,000 is a sign that the next bull run is right around the corner.
Is this the start of the next bull run?
On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses whether Bitcoin touching $31,000 is a sign that the next bull run is right around the corner.
OPNX launches ‘oUSD’ credit currency for crypto margin trading
The new “credit currency” will allow users to rely on cryptocurrencies as collateral without needing to obtain loans from other institutions.
How blockchain technology and DeFi could help solve the housing crisis
Home Construction Collective’s co-founders spoke with The Agenda podcast to explain why homes are so expensive and how decentralized finance might provide an answer.
Denmark orders Saxo Bank to erase cryptocurrency holdings
DFSA's decision about Saxo Bank's crypto holdings will have a "very limited impact" on its business and its customers will not experience any significant changes, the lender said.
Denmark orders Saxo Bank to erase cryptocurrency holdings
DFSA's decision about Saxo Bank's crypto holdings will have a "very limited impact" on its business and its customers will not experience any significant changes, the lender said.