HomeCrypto GamingBitcoin's (BTC) Inverse Ties With Dollar Index (DXY) Challenged as U.S. Election...

Bitcoin’s (BTC) Inverse Ties With Dollar Index (DXY) Challenged as U.S. Election Looms

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“The upside convexity on a Trump win is worth being long, and we are seeing market participants building positions in the lead-up. In the absence of an escalating crisis, we see BTCUSD at 70,000 in the coming weeks, continuing off current downside support, with equities breaking further highs,” crypto liquidity supplier Zerocap’s Chief Funding Officer Jonathan de Moist mentioned in an e mail.

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