Bitcoin course jumps by 3 percent-dollar decline after ex-presidential announcement as a possible trigger

Bitcoin course jumps by 3 percent-dollar decline after ex-presidential announcement as a possible trigger

Bitcoin course increases by 3 percent: Connection with the decline in the US dollar

On Monday, the Bitcoin course (BTC) recorded an increase of 3 percent and again exceeded the $ 60,000 mark. This sudden gain seems to be closely connected to a significant decline in the US dollar.

Analysts observe that the movements in the cryptocurrency market are often in direct relationship with developments in the traditional financial world. In this case, the weakness of the US dollar Bitcoin could bring into the focus of investors who are looking for alternatives to secure their assets.

The connection between fiat currencies and cryptocurrencies such as Bitcoin is a central topic for investors and market analysts. A falling US dollar can tend to increase the demand for digital currencies, since investors try to transfer their capital into more stable or potentially value-increasing systems.

The market development is still being observed closely, since geopolitical and economic factors can change quickly and the volatility in the cryptom market remains high.