Strategist: A weaker dollar may help Bitcoin rise again

ChainCatcher news, according to Jin10, LMAX Group strategist Joel Kruger said in a report that the weakening dollar, combined with an increase in investors' risk appetite, could help boost Bitcoin again.

Due to trade uncertainties and concerns over tensions in the Middle East, Bitcoin fell by 1.7%. The dollar index dropped to a three-year low of 97.789. "The weakness of the dollar is usually beneficial for cryptocurrencies, and as investors shift back to higher-risk assets, the potential rebound of Bitcoin and Ethereum will be supported."