Bitcoin faces fresh pressure as US dollar crushes gold, risk assets

Cointelegraph

Published Jul 05, 2022 10:32AM ET

Updated Jul 05, 2022 05:20PM ET

Bitcoin (BTC) hit daily lows on the July 5 Wall Street open as the U.S. dollar saw a violent surge higher.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD retreating to $19,281 on Bitstamp as the Independence Day long weekend concluded with a bump.

XAU/USD 1-hour candle chart. Source: TradingView
The U.S. dollar index (DXY) 1-month candle chart. Source: TradingView
Crypto Fear & Greed Index (screenshot). Source: Alternative.me
Bitcoin taker buy/ sell ratio annotated chart. Source: Edris/ Twitter (NYSE:TWTR)

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