BEAMSTART Logo

US dollar hits new 20-year high — 5 things to know in Bitcoin this week

Coin Telegraph LogoCoin Telegraph5 mo ago

US dollar hits new 20-year high — 5 things to know in Bitcoin this week - Coin Telegraph

Quick Summary:

A familiar tale of losing stocks and a surging greenback greets Bitcoin traders this week as $20,000 fails to sustain as support.

Speaking on Bloomberg Television, Paul Christopher, head of global market strategy at Wells Fargo Investment Institute, warned that U.S.stocks would fall further, with the S&P 500 due for a trip below 4,000 next.

A classic inversely correlated relationship, dollar performance versus risk assets is in the spotlight thanks to the U.S.dollar index (DXY) making new twenty-year highs this week.


More Pictures

US dollar hits new 20-year high — 5 things to know in Bitcoin this week - Coin Telegraph (Picture 1)

or

Article Details

Author / Journalist: Cointelegraph By William Suberg

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-29 @ 09:08:10 (5 months ago)

News Timezone: GMT -5:00

Ranking: #526 (out of 2485 stories this day)

News Source URL: cointelegraph.com

Language: English

Article Length: 1475 words

Reading Time: 9 minutes read

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

Copyright Owner: © Coin Telegraph

News ID: 178136

View Article Analysis

About Coin Telegraph

Coin Telegraph Logo

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 13 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 9 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #11

Publisher Details

Frequently Asked Questions

How long will it take to read this news story?

The story "US dollar hits new 20-year high — 5 things to know in Bitcoin this week" has 1475 words across 1 sentences, which will take approximately 7 - 13 minutes for the average person to read.

Which news outlet covered this story?

The story "US dollar hits new 20-year high — 5 things to know in Bitcoin this week" was covered 5 months ago by Coin Telegraph, a news publisher based in United States.

How trustworthy is 'Coin Telegraph' news outlet?

Coin Telegraph is a fully independent (privately-owned) news outlet established in 2013 that covers mostly crypto news.

The outlet is headquartered in United States and publishes an average of 13 news stories per day.

It's most recent story was published 9 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
  • News ID: #178136
  • URL: https://beamstart.com/news/us-dollar-hits-new-20-16617611327647

BEAMSTART brings you the latest news, database, and jobs from all around the world on startups, technology, and business. Stay updated with industry news, plug-in to exciting community events, and discover incredible career opportunities with the world's most innovative companies.

© Copyright 2023 BEAMSTART. All Rights Reserved.