The United States dollar (USD) index is currently testing the bottom of a 12-year trendline. But as some traders are calling it the “most pivotal moment” for the global reserve currency since 2008, they believe that continuous depreciation will likely boost the price of (BTC).
Since April, for over three months, the USD has declined against other reserve currencies. Some investors believe that the fall in the value of USD affected the price of Bitcoin. Prominent cryptocurrency trader Scott Melker said:
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