Bitcoin Falls Against USD Strengthening
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Yesterday, the dollar index rose to 104.885 points, the highest level since March 2023, pushing it to a five-month high.
Consequently, this had a negative effect on various stock markets and cryptocurrencies, with Bitcoin falling almost six percent in one week, and Ethereum and Binance Coin dropping about one percent in the same time frame.
However, Cardano is an exception as it is currently trading in the green at $0.256. On the other hand, according to Glassnode analysts Yann Allemann and Jan Happel, Bitcoin may drop to $24,800 due to the strengthening of the dollar, though the predicted fall is not expected to be a significant drop.
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