Bitcoin Set to Reach New Highs as Dollar Weakens, Say Glassnode Co-Founders

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Bitcoin Set to Reach New Highs as Dollar Weakens, Say Glassnode Co-Founders As the U.S.

Dollar Index (DXY) shows signs of weakening, Bitcoin is positioned for a potential breakout to new all-time highs, according to Glassnode co-founders Jan Happel and Yann Allemann.

Bitcoin’s fixed supply of 21 million coins makes it an attractive hedge against inflation, drawing increased interest from both retail and institutional investors.

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Article Details

Author / Journalist: Sonam Aggarwal

Category: Crypto

Markets: India

Topics: Bitcoin New Highs as DXY Weakens Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-16 @ 08:00:53 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinworld.co.in

Language: English

Article Length: 440 words

Reading Time: 3 minutes read

Sentences: 28 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BitcoinWorld

News ID: 23610666

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About BitcoinWorld

Main Topics: Crypto

Official Website: bitcoinworld.co.in

Update Frequency: 19 posts per day

Year Established: 2020

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #121

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