HomeUncategorizedWeaker dollar lifts Bitcoin to $30.7K as analyst eyes 60% BTC dominance By Cointelegraph

Weaker dollar lifts Bitcoin to $30.7K as analyst eyes 60% BTC dominance By Cointelegraph

May 20, 2022

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Weaker dollar lifts Bitcoin to $30.7K as analyst eyes 60% BTC dominance

(BTC) hit 48-hour highs overnight into May 20 as U.S. dollar weakness gave bulls some much-needed respite.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView recorded a high of $30,725 for BTC/USD on Bitstamp.

(DXY) 1-hour candle chart. Source: TradingView
Bitcoin dominance 1-week candle chart. Source: TradingView