Kryptodata

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  • BTC Dominance: 49.66%
Bitcoin traders optimistic as BTC price remains stable despite volatile US dollar

Bitcoin traders optimistic as BTC price remains stable despite volatile US dollar

Bitcoin appeared relatively stable compared to the U.S. Dollar Index on October 4th, with BTC price levels close to the spot price. Market observers identified $27,600 as an important price level for Bitcoin, with potential for a significant increase if reclaimed. Traders also highlighted $27,000 as a crucial support level for Bitcoin, with a potential downside if breached. The U.S. dollar experienced volatility due to surging bond yields, causing concern among commentators. Bitcoin continued to show resilience despite the fluctuations in the U.S. Dollar Index. The long-term performance of the U.S. dollar will likely be a key market driver for the rest of the year.

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