Not Good For Bitcoin: US Dollar Bounces Back From Multi-Year Support – Cointelegraph
The US dollar has started to rebound from a multi-year support level. Simultaneously, the prices of Bitcoin (BTC) and gold both fell.
In addition, the warning from the European Central Bank (ECB) against the appreciation of the euro is a further catalyst for the dollar rally.
ECB seeks to weaken euro as dollar barely begins to recover
Both bitcoin and gold prices react negatively to the rising…