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The Daily Hodl 2023-05-13 16:55:23

Bitcoin (BTC) Slumps as US Dollar Witnesses Strongest Week Since February Amid Upcoming Debt Ceiling Face-Off

Bitcoin (BTC) and most of the crypto market witnessed a move to the downside as the US dollar registered its strongest week in months. The US dollar index (DXY) rose 0.6% on Friday and 1.44% in the past 5 days, according to MarketWatch. The DXY also crossed above its 50-day simple moving average (SMA) after The post Bitcoin (BTC) Slumps as US Dollar Witnesses Strongest Week Since February Amid Upcoming Debt Ceiling Face-Off appeared first on The Daily Hodl .

 
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