Live news: Bitcoin drops below 200-week moving average as dollar strength pressures risk assets
Summary
Bitcoin recently dropped under its crucial 200-week moving average. This decline occurred as a strong dollar continued to exert downward pressure on risk assets across global 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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