Digital Assets Morning Call: July 6, 2022 ☕ 📰
US dollar gains concur with Bitcoin’s struggles
Jul 6, 2022
↘️ Ongoing shifts in the global macro outlook are generating significant moves in fiat currencies
↘️ Weaker global growth and Eurozone-specific issues have worked to the US dollar’s advantage
↘️ It is probably no accident that US dollar gains have concurred with Bitcoin’s decline
While major crypto currencies are starting their third week of consolidation and relative stability, fiat currencies are making significant moves. The US dollar, as measured by the Dollar Index (DXY) has rallied to 20-year highs and is up 18% from its early-2021 lows.
Read the full report here: alt5sigma.com/digital-assets-morning-call-july-6-2022
