Forget Elon, here's why Bitcoin traders should be watching the US Dollar Index instead
(BTC) prices fell by almost 5% on June 4, continuing the decline into the Friday session as investors grappled with Elon Musk's cryptic tweets on the cryptocurrency, raising speculation that the Tesla (NASDAQ:) CEO might dump the firm's remaining 43,2000 BTC stash.
Nonetheless, Bitcoin's move downside also coincided with a big spike in the (DXY), raising speculation that more than one factor accelerated the cryptocurrency's dramatic plunge during the late Thursday and early Friday session.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.