Bitcoin is refusing to make any major corrections while the Spot Bitcoin ETF remains on the horizon. $BTC is also thriving at the expense of the weak US dollar.
A buoyant bitcoin
Back above $43,000 again, $BTC is just not going to stay down for long. There is just too much going on in the background to benefit $BTC that will not let the king of the cryptocurrencies make the kind of 30% pullback that a year-long climb to the upside would probably demand.
Of course, the biggest impetus may well be that of the impending potential Spot Bitcoin ETF. That said, a weak dollar, a failing banking system, and markets looking ahead to possible Fed rate cuts, are all fuel to the rocket ship that is bitcoin.
Fiat weakness
Having said that the US dollar is weak, this weakness is being measured against other fiat currencies by way of the DXY Index, as the dollar has seen a 10.7% fall compared with a basket of other fiat currencies since late September this year.
Given that every single fiat currenc
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