Bitcoin plumbs April lows as US dollar strength hits highest since May 2020

Cointelegraph

Published Apr 08, 2022 10:16AM ET

Updated Apr 08, 2022 03:20PM ET

Bitcoin (BTC) neared new price lows for April on April 8's Wall Street open amid a fresh surge in the U.S. dollar.

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

Data from Cointelegraph Markets Pro and TradingView captured another day of gloom for BTC bulls as the largest cryptocurrency slipped back under $43,000.

U.S. dollar currency index (DXY) 1-week candle chart. Source: TradingView
BTC/RUB 1-day candle chart (Binance). Source: TradingView
LUNA/USD 1-day candle chart (Binance). Source: TradingView

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