In the previous review, the overwhelming majority of experts expressed opinions favouring further weakening of the American currency. This prediction came to fruition. The Consumer Inflation report in the United States, published on Tuesday, November 14, toppled the Dollar Index (DXY) from 105.75 to 103.84. According to Bank of America, this marked the most significant dollar sell-off since the beginning of the year. Naturally, this had an impact, including on the dynamics of EUR/USD, which marked this day with an impressive bullish candle, rising nearly 200 points.
The crypto market, particularly Bitcoin, is poised for a bull run in the coming weeks or months, with spot Bitcoin ETF applications and the Bitcoin Halving event on the table.
With Bitcoin's Short-Term Holder Realized Price positioned above the coin's current price, short-term holders are back in profit for the first time since June.