The Correlation Between Bitcoin and the US Dollar Index: Signal for Decline or Rally?

Investors, particularly those in the cryptocurrency space, are feeling the pressure as they await the Federal Reserve’s decision on interest rates for September. Digital assets, with Bitcoin at the forefront, have succumbed to this pressure. Following a rejection at $27,200, Bitcoin slid below the $27,000 support. Efforts to regain control above $27,000 were in vain,…

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