• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Polymarket Set To Go Live In The US Following CFTC Approval, Says CEO
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Polymarket Set To Go Live In The US Following CFTC Approval, Says CEO
bitcoin btcusd stock market crypto sp500 s&p500 spx

Bitcoin Pullback Could Be Due to “Exaggerated” Dollar Debasement Claims

Tony "The Bull" Severino, CMT
by Tony "The Bull" Severino, CMT
5 years ago
·
Posted in Bitcoin
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

Bitcoin is up well over 50% for the year, despite an ongoing selloff cutting the recent rally down to size. The cryptocurrency also rose by over 200% from its Black Thursday low, as investors took flight away from cash and poured capital into hard assets.

But now that the dollar is reversing, and claims of the dollar’s debasement are being called “greatly exaggerated,” inflation fearing investors may be taking some BTC profit now that cash isn’t so scary after all.

Bitcoin Pulls Back After Inflation-Fearing, Hard Asset Rally

The recent economic climate has been the perfect storm for Bitcoin and cryptocurrencies. Precious metals also had their time to shine, but some of the luster has since worn off from the gold rush.

High wealth investors are finally considering Bitcoin alongside gold, as a reverse asset. Nasdaq-listed firm MicroStrategy recently disclosed a 21,000 BTC purchase to bolster its reserves and prepare for a future where the value of cash falls by comparison.

The Fed is aiming for just a 2% inflation rate to prevent the dollar’s value from dwindling too fast, but with the way money is being injected into markets, things may pick up in pace.

RELATED READING | GOING DIGITAL: BITCOIN BEATS GOLD AND SILVER IN YEAR-TO-DATE RETURNS

Talk of using Bitcoin as a hedge against inflation really caught wind once billionaire hedge fund manager Paul Tudor Jones revealed a 2% net worth investment in the cryptocurrency. Since then institutional have taken note of the asset’s use as a hedge against inflation.

Other companies are expected to take MicroStrategy’s lead. Small-time retail investors are doing the same, as the wallets holding 1 BTC have grown significantly over the last few months and is still climbing.

But suddenly, despite the feverishly bullish sentiment and extreme greed in the crypto market, Bitcoin has been crashing. And its reason for weakness could be due to the dollar strengthening.

bitcoin dxy dollar btcusd

Bitcoin Versus Inverse DXY Dollar Currency Index | Source: TradingView

Dollar Demise Claims “Greatly Exaggerated,” Recovery Could Be Behind Crypto Crash

Sentiment in the dollar recently reached a point where reversals take place. There are also several technical analysis signals and indicators that suggest the dollar will soon stage a strong recovery. Reversal candles are appearing on weekly timeframes, at the bottom of a large, bullish wedge breakout.

The TD Sequential on the weekly is also on an 8-count, suggesting that there could be one more week of downside in the dollar before the bounce takes off.

dxy dollar currency index

DXY Dollar Currency Index Reversal In Progress | Source: TradingView

The dollar’s strength comes after months of weakness as the world turned bearish on the dollar due to the United States’ ongoing stimulus efforts and failure to contain the pandemic.

The United States also has a pivotal election coming, so investors are particularly cautious with any investments right now. Fearing the worst, investors may be cashing out Bitcoin and other assets like stocks, metals, and more, preparing for a flight of safety into the safest haven of all: the dollar.

RELATED READING | BITCOIN, ETHEREUM, AND MAJOR CRYPTOS FALL AS DOLLAR FINALLY REVERSES

The dollar has long been the global reserve currency and the most dominant of all fiat currencies. Although it has been challenged recently by the yuan, gold, and Bitcoin, its reign of supremacy is likely to continue.

As analysts state, any claims of its untimely demise have been “greatly exaggerated.”

Featured image from Deposit Photos.
Charts via TradingView
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Tony "The Bull" Severino, CMT

Tony "The Bull" Severino, CMT

Follow

Tony "The Bull" Severino, CMT, a technical analyst and Head of Research at Bitcoinist. As the founder of CoinChartist.io, an educational platform for crypto traders focused on technical analysis, Tony provides his expertise to help others understand and apply this methodology. He has partnered with industry leaders like Elliott Wave International and TradingView. Through his partnerships, educational resources, and leadership roles, Tony has established himself as an authority on leveraging technical analysis to trade cryptocurrencies.

Full Profile

Related Posts

cours-or-nouveau-record-chute-btc

Record de l’or et chute du Bitcoin : que se passe-t-il ?

1 day ago
Metaplanet

Metaplanet Pushes Bitcoin Holdings Over $2 Billion With New Purchase

1 day ago
Bitcoin

Bitcoin Mining Can’t Keep Up: Companies Buying At Quadruple Pace – Report

2 days ago
Bitcoin

Bitcoin Treasury Race Heats Up As Dutch Firm Shoots For $23-M Launch

3 days ago
Bitcoin

Unexpected Bitcoin Player: Japanese Nail Salon Targets $3-B In BTC Holdings

3 days ago
Bitcoin

Bitcoin Fortress: El Salvador Shields $678-M From Quantum Threat

4 days ago
Please login to join discussion

Premium Sponsors

Press Releases

  • miner

    Expectations of a Federal Reserve rate cut and demand for...

    3 hours ago
  • miner

    BlackRock suspends XRP listing, price faces resistance...

    3 hours ago
  • miner

    The September Curse Returns: How Crypto Investors Can...

    4 hours ago
  • Ethereum Price USD: The Latest Innovations of Crypto’s...

    5 hours ago
  • XRP Cloud Mining

    New Crypto Moves: FOR CRYPTO Launches AI Cloud...

    5 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.