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Bitcoinist 2019-08-05 23:00:43

Bitcoin and USD/CNY Seen Spiking in Unison

Over the last week, price moves in the bitcoin market have closely tracked performances in the U.S. dollar and Chinese yuan. All of this shows bitcoin is solidifying its position as a true macro force in the financial markets. Bitcoin Correlations Are Strengthening A recent tweet from Ceteris Paribus pointed out two important market moves, as BTC/USD bounced from the August 2nd lows at $10,365 while USD/CNY rallied to ¥6.9479. Three days later, even largerRead MoreThe post Bitcoin and USD/CNY Seen Spiking in Unison appeared first on Bitcoinist.com.

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