The weakness in the US dollar has failed to trigger a rally in Bitcoin price, while gold and other hard assets rise further. JPMorgan strategists claim the divergence stems from the short-term dollar's decline due to sentiment and not monetary policy outlook.
JPMorgan Reveals Why Bitcoin Price Rally Is Missing Despite Weak Dollar
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JPMorgan strategists said US dollar weakness has not triggered a Bitcoin price rally while gold and other hard assets have risen; they attributed the divergence to a short-term dollar decline driven by sentiment rather than a shift in the monetary-policy outlook.
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