Crypto Update | Bitcoin’s Dollar Correlation Wanes, DeSantis Says ‘Not Happening’ to CBDCs
Markets Outlook
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Bitcoin, the Latest Headlines and More
Bitcoin and Easter are lagging today with Bitcoin down 1.5% and either down 1.1%. There's a little bit of softness in the crypto market with almost all big cryptos trending down. Something to keep an eye on with the Fed meeting coming up is Bitcoin's negative correlation with the US Dollar Index or the DXY, which has broken in recent weeks. First Republic, our regional bank crisis indicators down big some 20% trading hands at half a dollar. In commodities markets Brent Crude, the international benchmark for oil lost 0.6% and is trading at $78.50 per barrel; gold added 0.9% trading at $1,971 per Troy
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