Bitcoin sees a solid comeback as BTC price gains over 2% despite U.S. dollar strength returning.
BTC/USD annotated chart. Source: Skew/ TwitterU.S. equities were biding their time at the time of writing, meanwhile, with the S&P 500 still down 0.5% on the day.The Nasdaq Composite Index gained a modest 0.7%, while the much-watched U.S. dollar index crossed the 104 mark for the first time since Jan. 6 in a warning to risk assets.
"i'd still be cautious around here. Keeping open mind of things...both btc and eth below jan high still. ...dxy pushing up. wouldnt get too optimistic just yet," TraderSZ thusInvestor Michael J. Kramer meanwhile predicted a trip to 106 for DXY, along with"tighter financial conditions" in what could end up a recipe for defeat for the crypto rebound.
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