Home BlockchainGold rally, FOMC outcome And Weak DXY May Extend Crypto Market Rally

Gold rally, FOMC outcome And Weak DXY May Extend Crypto Market Rally

by Vivek Kumar
0 comments
Gold rally, FOMC outcome And Weak DXY May Extend Crypto Market Rally

Key points:

  • Bitcoin is facing resistance at $90,500, but a positive sign is that the bulls have kept up the pressure.

  • Several major altcoins are attempting to start a recovery, but are expected to face selling at higher levels.

Sellers are attempting to maintain Bitcoin (BTC) below the $90,500 level, but the bulls continue to exert pressure. Fundstrat managing partner Tom Lee said on CNBC that cryptocurrencies should rise on a weaker dollar, but traders have responded by continuing to pile into gold and…

You may also like

Leave a Comment