Not good for Bitcoin: US dollar is rebounding from multi-year support

[Lenipiw]

The U.S. dollar has rebounded from a crucial multi-year support area and the price of Bitcoin and gold are simultaneously rejecting.
The United States dollar has started to rebound from a multi-year support level. Simultaneously, the prices of both Bitcoin (BTC) and gold have both dropped off.

Additionally, the European Central Bank’s (ECB) warning against the appreciating euro is further catalyzing the dollar’s rally.

ECB looks to weaken the euro as the dollar just begins its recovery
Bitcoin and gold prices respond negatively to the rising dollar because markets price both assets with the dollar. If the dollar value goes up, the value of BTC relative to the dollar goes down.
Visit here: https://cointelegraph.com/news/not-good-for-bitcoin-us-dollar-is-rebounding-from-multi-year-support