Today, Bitcoin has experienced one of its deadliest single-day drops on record in terms of dollar amount moved. And the reason behind it could be the greenback itself.
Dollar sentiment is at extreme lows and crypto market exuberance is sky high – could it be time for a reversal in each asset or at the very least, a much-needed rebalancing? Here’s how the dollar could be behind the crypto market turning from nothing but green to a sea of red in under 24 hours.
2020: The Year The Dollar Died, And Bitcoin Was Reborn
2020 was a year for the history books for so many reasons. There was a once-per-century pandemic, a political sideshow, an economic crash, and it was the year when financial assets spun out of control.
The global reserve currency was the hottest commodity around on Black Thursday back in March 2020, when every asset under the sun sold off in fear of what was to