Bitcoin Under Fresh Pressure as The US Dollar Crushes Gold

Bitcoin crash

Following yesterday’s crash below $20,000, Bitcoin continues in the bearish market, hitting daily lows on the July 5 Wall Street Open, while the US dollar violently surged hire, setting yet another 20-year record.

Today, Tuesday, July 5, 2022, BTC/USD retreated to $19,281, concluding the Independence Day long weekend with a bump. While the BTC/USD pair notably experienced last-minute gains yesterday, Monday, July 4, 2022, the US Dollar surge has nullified any resulting effect.

Similarly, at the point of curating this news, S&P 500 had fallen by 2.2%, Spot Gold was also down by over 2%, Nasdaq Composite Index lost 1.7%, and so on.

Nonetheless, Bitcoin analysts await trend reversal signs to at least relieve the crypto markets.

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