The dollar weakened last week and stood to the lowest level in two months. There are mostly two reasons for that.
The first postponement of Trump’s customs (maybe the negotiations can be avoided by the Tariff War), the second announcement of the weak retail in the USA in January, which increases that the FED may still reduce interest rates this year.
Bitcoin remains under $ 100,000, among other things, there is no fresh information about whether Trump was seriously thinking about creating strategic reserves in this encryptula, SEEbiz reports.
The relative power index on 51 indicates a neutral momentum, and the jump above 60 would mean a higher purchase pressure. Meanwhile, institutional investors build their position in Bitcoin, and Goldman Sachs increased its exposure to Bitcoin ETFs by 121 percent compared to the previous quarter, and now owns more than $ 2 billion.
