Both crypto and tradfi analysts are betting on the weakening of the $USD which might be a sign of an upcoming surge of digital assets
The cryptocurrency market, currently in the process of a long-term recovery, could stand to gain significantly from a weakening U.S. dollar. Bitcoin, the largest cryptocurrency, is attempting to breach the $30,000 threshold, while Ethereum is consolidating around the $2,000 mark.for several reasons. First, as traditional investments such as stocks and bonds may underperform in a declining dollar environment, investors may seek alternative assets like cryptocurrencies.
Moreover, as cryptocurrencies are decentralized and not directly tied to any single economy or central bank, they may be viewed as a safer investment option during times of economic uncertainty. This perception could result in increased demand for cryptocurrencies and drive up their prices, benefiting existing holders and attracting new investors.
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