Bitcoin, Ethereum shaken by Dollar

Bitcoin, Ethereum shaken by Dollar
The dollar rose in value against major currencies on Monday morning in London, putting additional pressure on the crypto market ahead of some key central bank decisions this week, including the Federal Reserve Bank.
The US Dollar Index, which measures the value of the US dollar against a basket of other currencies, rose 0.12% to 96.190 points.
A strong resistance level of $50k has prevented Bitcoin from breaking through to weakened long positions in the bitcoin derivative market, while Ethereum bulls are struggling to hold $4K  to the cautious sentiment among crypto investors.

Joshua Isibor

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