Is market rise due to devalued dollar?

[Yugocean]

The sudden rise in the value of bitcoin and other cryptos is probably due to the devaluation of the dollar, which is caused by rising debt and inflation in the US. My view is based on the conclusion made by some experts, who pointed to the appreciation of gold and silver and the devaluation of the dollar against the British pound and the euro.​

What do you guys say?

 

[IB D]

I am just very happy that crypto is gaining at this period. The bearish run was simply unbearable. I couldn't stand it.

 

[Yugocean]

I am just very happy that crypto is gaining at this period. The bearish run was simply unbearable. I couldn't stand it.

We all are in heave losses due to crypto winter, market up is good for us, yet he have to be sure with next investment.

 

[Suba]

There is an unwritten law, namely the impact of the devaluation of the US dollar on crypto prices, there is a close relationship between crypto and the USD, and this law is inversely proportional if the USD weakens, crypto will rise, and vice versa, if the USD strengthens, crypto will fall.

 

[hastral45]

Gradual rising of the bitcoin was not as result of dollar devalue. The rise was consequent upon the investment of some blue chips companies on cryptos. Many countries are accepting bitcoin as legal tenders as well.

 

[Yugocean]

@hastral45 please name those blue chip companies, and those 'many countries' .

 

[Reedex]

The interest rate have a great influence on the movement of Bitcoin and other cryptocurrency.

 

[gammarays]

There are several factors that cause the increase in crypto. There's a strong correlation between dollars, bonds and stock and crypto. When the former is high, crypto gets lower in value and vice versa.

 

[Reedex]

There are several factors that cause the increase in crypto. There's a strong correlation between dollars, bonds and stock and crypto. When the former is high, crypto gets lower in value and vice versa.

It is true that there are huge number of factors that affects the price of cryptocurrency one just need to be current with those factors.

 

[flower]

The adjustments of the interest rate has a lot to do with the hike in the price of commodities.

 

[Stardom22]

I think this still the time for people to invest in the bitcoin. This is because it has started gaining gradually add with time investors would be really reaping their toil and sweat.

 

[Niyi Briggs]

I believe that the cryptocurrency market just has to bounce back notwithstanding after such a bearish run. I still think it is normal.

 

[Reedex]

The dollar has a strong effect on the market sentiment and market prices.

 

[flower]

The dollar has a strong effect on the market sentiment and market prices.

It is true that the dollar has a strong effect on the price of commodities.

 

[Yohanna]

It is true that the dollar has a strong effect on the price of commodities.

Because the dollar is a standard of measurement for all other currencies in the world, it has a great influence on price of commodities.