Analysis: The US dollar may continue to strengthen, putting pressure on Bitcoin in the future
CoinDesk analyst James Van Straten stated that since U.S. President-elect Donald Trump achieved a landslide victory in the election two months ago, the dollar has appreciated by more than 3% against other currencies, consistent with the trend following Trump's victory in 2016. Considering Trump's policies and the Federal Reserve's expected interest rate stance, the dollar may continue to strengthen, which could put pressure on Bitcoin in the coming months. (CoinDesk)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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