Live news: Bitcoin drops below 200-week moving average as dollar strength pressures risk assets
Summary
Bitcoin recently dropped beneath its crucial 200-week moving average. This downward movement occurred as the strengthening US dollar continued to exert downward pressure across various risk assets in the broader financial markets.
Bitcoin fell below its 200-week moving average as the Dollar Index held above 103, while gold struggled to recover and oil prices rebounded.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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