$BTC When we account for the recent fall in the US Dollar, price is still not quite at its January all time high. This puts into perspective how much these fiat currencies can play into the perceived growth of a lot of assets, even though it's often the underlying denominator which is getting devalued. Usually this isn't as clear with major currencies like this, but in this case we've seen a sharp decline in $DXY since Trump's inauguration.

Daan Crypto Trades
@DaanCrypto
07-02
I think it's important when looking at $BTC to consider the recent decrease in $USD value.
If we denominate BTC against other major currencies, you can see how the chart is telling a much different story.
Similar to stocks which are technically at an all time high, but


Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content




