The dollar affects Bitcoin?

[maklampir]

as we know, the dollar is now rising, from the rise in the dollar it turns out that the price of Bitcoin is also rising, so what I ask here is that this is related to the dollar increase? or just coincidence?

[Munareal]

I do not think that the dollar has any effect on the Bitcoin. They do not have any correlation. What affects or determine the price of Bitcoin is the market forces of scarcity, utility, supply, and demand.

[Koin]

Just coincidence. The price still sit around 6 thousand dollar.
But, if you are talking the pair between bitcoin and your local fiat, then yes, that can be look increased.

[nagamerah]

I do not think that the dollar has any effect on the Bitcoin. They do not have any correlation. What affects or determine the price of Bitcoin is the market forces of scarcity, utility, supply, and demand.

As a currency that has an exchange rate against other currencies, Bitcoin price movements also show fluctuations. Even this is not infrequently used by users to make Bitcoin a trading asset like forex. But what concerns, the price of Bitcoin is moving in very sharp volatility. In fact, the phenomenon of changing prices from $ 1,000 / BTC to $ 10 / BTC in a day is not surprising. Why are such conditions understandable in the Bitcoin market?

[sola]

Our ongoing research reveals four factors that affect the price of Bitcoin. These include media hype and uptake by peers, political uncertainty and risk (such as the election of Donald Trump or the vote for Brexit), moves by governments and regulators, and the governance of Bitcoin itself.

[wellni]

The dollar can affect bitcoin, however you need to think clearly about this, if the dollar gets stronger then all the currencies compared to the dollar must go down if compared to the dollar, but if bitcoin goes up when the dollar is up and the growth of bitcoin is higher as we have seen on the last decade then that means that bitcoin is getting stronger and gaining value against all other currencies.

[Citysatoshi]

I don't have much experience in the forest market, but i think that Dallar price could affect Bitcoin especially during exchanges. On any exchange site where dallar are paired with Bitcoin, you may feel the impact of rising dallar on exchange pairing, whether an increased or increased of the rates, this is in my opinion.

[Ibagsat09]

Yes dollar can affects bitcoin because the value of exchange of bitcoin is usually in dollars. So everytime the price of dollars goes up the trading of bitcoin is in demand. But on the otherside bitcoin cant affect dollars

[Stuart]

as we know, the dollar is now rising, from the rise in the dollar it turns out that the price of Bitcoin is also rising, so what I ask here is that this is related to the dollar increase? or just coincidence?

I don't agree on the fact that the rise in the price of dollar is responsible for the rise in the price of bitcoin cause they are both far apart from each other (dollars=native fiat, bitcoin=digital currency).
The price of dollar is still on the rise while the price of bitcoin is on a deep red ride, giving a serious panic to the entire market of crypto.

[Ibagsat09]

Yes it can. Because coverting bitcoin into real currency  depend on how much value of bitcoin into a dollar. If currency of dollar rises the price converting of bitcoin will also rise. As well as if its down.

[MixdacheAO]

Thank you very much for the invitation . Best wishes.
PS: How are you? I am from France