money management

Bitcoin Shoots Past $12,000 While US Dollar Hits 2-Year Low

Source Node: https://www.bitcoinmarketjournal.com/bitcoin-shoots-past-12000-while-us-dollar-hits-2-year-low/
Time Stamp: August 18, 2020 5:53 PM - Modified On: May 21, 2021 - Published By:
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Republished By Plato

We’ve been on dollar watch for a couple weeks now, as it loses ground against virtually every asset on the planet. In this graph, we can see that the Dollar Index chart has been declining since late-May, and has now sunk below the near-term support (yellow line) on its third attempt. The Dollar Index, however, only really shows the U.S. dollar’s place within the currency markets. In fact, the purchasing power of all fiat currencies has been falling steadily for many years, a process that has been vastly accelerated by