Inflation data, interest rate decisions, quarterly figures. There is a lot going on in the US financial market this week. With dream returns from Microsoft, Alphabet and Meta this year, the quarterly reports should be positive – with consequences for Bitcoin and Co.
Bitcoin: sideways trend in the summer slump
But are the impulses from overseas enough for a bullish turn in Bitcoin? Initially, things are going down and BTC is testing $29,200. After all, the stocks of Bitcoin on the stock exchange are just melting away. This could be another impetus for the BTC bull market.
We also look at the US dollar index DXY. Why is a strong dollar bad for Bitcoin – and vice versa? You can find out in this issue of BTC-ECHO Invest.