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.

Leave a Reply

Important Link

Fund Your Deriv Account
Withdraw Funds to Your Local Currency
VIP Trading Signals
Learn To Trade

Contact Us

Follow Us


Forex, Crypto, Options, and Binary Options have both large potential rewards and large potential risks. Therefore, before investing or trading any of the assets, ensure you are aware of and willing to accept the accompanying risks. Do not trade money you cannot afford to lose.

All Rights Reserved. None of the content of this website can be published elsewhere by any means without the prior consent of the owner(s). Please, check our terms & conditions and privacy policy before continuing to use this website.

This website and its owner(s) are not in any way liable for any incurred loss, whether caused by the information provided on this website or otherwise. The use of this website, including the content and information provided, is the user’s sole liability.