Weaker Buck Lifts Bitcoin To $30.7K As Analyst Eyes 60% BTC Dominance

Weaker dollar lifts Bitcoin to $30.7K as analyst eyes 60% BTC dominance

Weaker buck lifts Bitcoin to $30.7K as analyst eyes 60% BTC dominance

Bitcoin (BTC) hit 48-hour highs in a single day into Would possibly 20 as U.S. buck weakness gave bulls some mighty-wished respite.

<a href="https://www.investing.comhttps://www.investing.com/crypto/bitcoin/btc-usd" id="628774e13bd" class="aqlink js-hover-me" hoverme="aql" data-pairid="945629">BTC/USD</a> 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Skilled and TradingView recorded a excessive of $30,725 for BTC/USD on Bitstamp.

<a href="https://www.investing.com/currencies/us-dollar-index" id="628774e13bd6d" class="aqlink js-hover-me" hoverme="aql" data-pairid="8827">U.S. buck index</a> (DXY) 1-hour candle chart. Source: TradingView