The U.S. dollar has been the clear winner as investors seek shelter in the largest global economy, but could the British pound's weakness be a positive for Bitcoin.
It's still all about the U.S. dollar this week as the monthly close and options expiry loom for Bitcoin.
Reaching 1 GBP = $1.04, the pound has crash-landed, marking a record low against the U.S. dollar following the new prime minister’s budget announcements.
A time tunnel to November 2020 opens on BTC price action as the U.S. dollar lays waste to currencies and equities alike.
Institutional interest in Grayscale Bitcoin Trust continues to dwindle 10 months into the crypto bear market.
In addition to a 0.75% basis point hike, the Federal Reserve also set its 2022 target interest rate at 4.4%, leading Bitcoin analysts to forecast further downside for BTC.