JPMorgan Reveals Why Bitcoin Price Rally Is Missing Despite Weak Dollar

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. Dollar Weakness Driven by Short-Term Factors: JPMorgan The U.S. dollar index (DXY) dropped

The post JPMorgan Reveals Why Bitcoin Price Rally Is Missing Despite Weak Dollar appeared first on CoinGape.