Cryptos Nosedive (Ethereum Classic Down 5%, Bitcoin Down 3%) As US Dollar Gains

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by confoundedinterest17

Are crytpocurrencies a viable alternative to traditional alternative assets like gold and silver?

Today we are seeing a retreat on all cryptos.

Note that left-hand side where gold and silver drop as dollar gains momentum.

Notice the decline in gold and silver and the rise in the US Dollar PRIOR to The Fed’s 2pm announcement on Thursday. Then we get more dollar rising, another gold/silver nosedive and further dollar gains along with the 10-year Treasury price falling.

Bear in mind that crytpos are highly volatile in terms of price, so it can change by the minute.

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