Post by: newshunter on April 10, 2022, 01:00:22 PM
USD reaches 23-month highs while the Russian ruble joins in on the surprise gains.
Source: Bitcoin plumbs April lows as US dollar strength hits highest since May 2020 (https://cointelegraph.com/news/bitcoin-plumbs-april-lows-as-us-dollar-strength-hits-highest-since-may-2020)
Would appreciate your opinion about this
Post by: cheezcarls on April 10, 2022, 02:30:39 PM
Bitcoin plumbs April lows as US dollar strength hits highest since May 2020
<p style="float:right; margin:0 0 10px 15px; width:240px;">(https://images.cointelegraph.com/images/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDQvNWU0NzgwY2UtYjk2Ni00NWNiLWFmMDQtMjhmODMzOTE0MTNhLmpwZw==.jpg)</p><p>USD reaches 23-month highs while the Russian ruble joins in on the surprise gains.</p>
Source: Bitcoin plumbs April lows as US dollar strength hits highest since May 2020 (https://cointelegraph.com/news/bitcoin-plumbs-april-lows-as-us-dollar-strength-hits-highest-since-may-2020)
Would appreciate your opinion about this
I think this is already expected since April is a common month for us to pay our taxes. Now that the deadline is near, I think they are cashing out their BTCs or any other cryptocurrencies to settle their taxes for this quarter. This is just my own opinion about the latest BTC price plunge.