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.

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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.

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

 

 

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