{"id":500785,"date":"2022-09-01T15:57:54","date_gmt":"2022-09-01T15:57:54","guid":{"rendered":"https:\/\/wncen.com\/?p=500785"},"modified":"2024-06-11T14:23:16","modified_gmt":"2024-06-11T14:23:16","slug":"does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/","title":{"rendered":"Does The U.S. Dollar Rally Pose A Danger For Bitcoin? BTC Loses $20,000 Levels"},"content":{"rendered":"

Bitcoin continues to trade in a tight range with low volatility between the high area north of $19,000 and $20,000. The cryptocurrency is moving about critical support, but macroeconomic factors threaten to push it into previous lows.<\/p>\n

Related Reading: Lightning Speed: 5 Ways To Make Money\/ Earn Sats Using The Lightning Network<\/a><\/strong><\/div>\n

At the time of writing, Bitcoin (BTC) trades at $19,700 with a 1% and 8% loss in the last 24 hours and 7 days, respectively. The cryptocurrency\u2019s performance has been affecting the entire sector as Ethereum (ETH), Binance Coin (BNB), and another retrace to early August levels.<\/p>\n

\"Bitcoin
BTC’s price moving sideways on the 4-hour chart. Source: BTCUSDT Tradingview<\/strong><\/a><\/figcaption><\/figure>\n

At these low volatile levels, the battle between bulls and bears seems more evident. Bitcoin was able to close its August monthly candle about critical support which could contribute to a potential relief.<\/p>\n

However, the U.S. dollar presents a potential short-term hurdle for risk-on assets. Data from a crypto analyst indicates that the currency broke about an important resistance and might make a fresh run into levels last seen in 2003.<\/p>\n

As seen below, the U.S. dollar, as measured by the DXY Index, breach the resistance at 109 and could move into a multi-year high of 111 before re-testing previous levels. This breakout must be confirmed by a daily candle close but seems likely to extend as the dollar consolidated below resistance before running higher.<\/p>\n

According to crypto analyst Justin Bennett<\/a>, this U.S. dollar rally poses a risk for digital assets:<\/p>\n

The argument against a rally for risk assets is the $DXY, which is breaking above 109.30 today. Need the dollar to cool off for crypto to rally. Remember, though, that the daily close is what matters. Everything in between is noise.<\/p><\/blockquote>\n

\"Crypto
DXY Index rallying on the daily chart. Source: Justin Bennett via Twitter<\/figcaption><\/figure>\n

The U.S. dollar has been a constant obstacle for risk-on assets, such as Bitcoin. The cryptocurrency is displaying a negative correlation with the currency as investors flee into it to protect themselves from financial uncertainty.<\/p>\n

Bitcoin And Equities On The Ropes<\/h2>\n

In that sense, traditional equities, positively correlated with Bitcoin and crypto, have been re-testing local support over today\u2019s trading session. The S&P 500 is testing the 3,900-support presenting a falling wedge pattern that Bennett believes could provide room for crypto and stock relief bounce.<\/p>\n

The expert expects a spike in volatility, a potential decompression from this week\u2019s slow price action, as the U.S. will publish its Non-Farm Payrolls (NFP). As NewsBTC reported yesterday, this metric and the Consumer Price Index (CPI) will dictate a lot of the upcoming Fed decisions.<\/p>\n

Related Reading: TRON Volume And Market Cap Down Despite Social Media Hype<\/a><\/strong><\/div>\n

If the NFP misses market expectations, as analysis from trading firm QCP Capital suggests, the U.S. financial institution might be able to hint at a less aggressive monetary policy. This could support further bullish momentum for Bitcoin and the crypto market.<\/p>\n

\"Crypto
S&P 500 crashing into support on the daily chart. Source: Justin Bennett via Twitter<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"

Bitcoin continues to trade in a tight range with low volatility between the high area north of $19,000 and $20,000. The cryptocurrency is moving about critical support, but macroeconomic factors threaten to push it into previous lows. Related Reading: Lightning Speed: 5 Ways To Make Money\/ Earn Sats Using The Lightning Network At the time of writing, Bitcoin (BTC) trades at $19,700 with a 1% and 8% loss in the last 24 hours and 7 days, respectively. The cryptocurrency\u2019s performance has been affecting the entire sector as Ethereum (ETH), Binance Coin (BNB), and another retrace to early August levels. At these low volatile levels, the battle between bulls and bears seems more evident. Bitcoin was able to close its August monthly candle about critical support which could contribute to a potential relief. However, the U.S. dollar presents a potential short-term hurdle for risk-on assets. Data from a crypto analyst indicates that the currency broke about an important resistance and might make a fresh run into levels last seen in 2003. As seen below, the U.S. dollar, as measured by the DXY Index, breach the resistance at 109 and could move into a multi-year high of 111 before re-testing previous levels. This breakout must be confirmed by a daily candle close but seems likely to extend as the dollar consolidated below resistance before running higher. According to crypto analyst Justin Bennett, this U.S. dollar rally poses a risk for digital assets: The argument against a rally for risk assets is the $DXY, which is breaking above 109.30 today. Need the dollar to cool off for crypto to rally. Remember, though, that the daily close is what matters. Everything in between is noise. The U.S. dollar has been a constant obstacle for risk-on assets, such as Bitcoin. The cryptocurrency is displaying a negative correlation with the currency as investors flee into it to protect themselves from financial uncertainty. Bitcoin And Equities On The Ropes In that sense, traditional equities, positively correlated with Bitcoin and crypto, have been re-testing local support over today\u2019s trading session. The S&P 500 is testing the 3,900-support presenting a falling wedge pattern that Bennett believes could provide room for crypto and stock relief bounce. The expert expects a spike in volatility, a potential decompression from this week\u2019s slow price action, as the U.S. will publish its Non-Farm Payrolls (NFP). As NewsBTC reported yesterday, this metric and the Consumer Price Index (CPI) will dictate a lot of the upcoming Fed decisions. Related Reading: TRON Volume And Market Cap Down Despite Social Media Hype If the NFP misses market expectations, as analysis from trading firm QCP Capital suggests, the U.S. financial institution might be able to hint at a less aggressive monetary policy. This could support further bullish momentum for Bitcoin and the crypto market.<\/p>\n","protected":false},"author":535,"featured_media":499953,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,1119,78790],"class_list":["post-500785","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-btc","tag-btcusdt"],"acf":[],"yoast_head":"\nDoes The Dollar Rally Poses a Danger For Bitcoin? BTC Loses $20,000<\/title>\n<meta name=\"description\" content=\"Bitcoin (BTC) continues to trade in a tight range with low volatility between the high area north of $19,000 and $20,000.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Does The Dollar Rally Poses a Danger For Bitcoin? BTC Loses $20,000\" \/>\n<meta property=\"og:description\" content=\"Bitcoin (BTC) continues to trade in a tight range with low volatility between the high area north of $19,000 and $20,000.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-01T15:57:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T14:23:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/finance-g20a87a716_1280.jpg?fit=1280%2C853\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"853\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Reynaldo Marquez\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@rl_m\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Reynaldo Marquez\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/\"},\"author\":{\"name\":\"Reynaldo Marquez\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d\"},\"headline\":\"Does The U.S. Dollar Rally Pose A Danger For Bitcoin? BTC Loses $20,000 Levels\",\"datePublished\":\"2022-09-01T15:57:54+00:00\",\"dateModified\":\"2024-06-11T14:23:16+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/\"},\"wordCount\":537,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/finance-g20a87a716_1280.jpg?fit=1280%2C853\",\"keywords\":[\"bitcoin\",\"btc\",\"BTCUSDT\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2022\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/\",\"url\":\"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/\",\"name\":\"Does The Dollar Rally Poses a Danger For Bitcoin? BTC Loses $20,000\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/finance-g20a87a716_1280.jpg?fit=1280%2C853\",\"datePublished\":\"2022-09-01T15:57:54+00:00\",\"dateModified\":\"2024-06-11T14:23:16+00:00\",\"description\":\"Bitcoin (BTC) continues to trade in a tight range with low volatility between the high area north of $19,000 and $20,000.\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/finance-g20a87a716_1280.jpg?fit=1280%2C853\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/finance-g20a87a716_1280.jpg?fit=1280%2C853\",\"width\":1280,\"height\":853,\"caption\":\"Bitcoin Remains At $21K But Bitcoin Cash Surges By 7%\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Does The U.S. Dollar Rally Pose A Danger For Bitcoin? BTC Loses $20,000 Levels\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin & Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d\",\"name\":\"Reynaldo Marquez\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g\",\"caption\":\"Reynaldo Marquez\"},\"description\":\"A literature major, Reynaldo M\u00e1rquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/\",\"https:\/\/x.com\/rl_m\"],\"url\":\"https:\/\/wncen.com\/author\/reynaldomarquez\/\"}]}<\/script>\n","yoast_head_json":{"title":"Does The Dollar Rally Poses a Danger For Bitcoin? BTC Loses $20,000","description":"Bitcoin (BTC) continues to trade in a tight range with low volatility between the high area north of $19,000 and $20,000.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/","og_locale":"en_US","og_type":"article","og_title":"Does The Dollar Rally Poses a Danger For Bitcoin? BTC Loses $20,000","og_description":"Bitcoin (BTC) continues to trade in a tight range with low volatility between the high area north of $19,000 and $20,000.","og_url":"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2022-09-01T15:57:54+00:00","article_modified_time":"2024-06-11T14:23:16+00:00","og_image":[{"width":1280,"height":853,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/finance-g20a87a716_1280.jpg?fit=1280%2C853","type":"image\/jpeg"}],"author":"Reynaldo Marquez","twitter_card":"summary_large_image","twitter_creator":"@rl_m","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Reynaldo Marquez","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/"},"author":{"name":"Reynaldo Marquez","@id":"https:\/\/wncen.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d"},"headline":"Does The U.S. Dollar Rally Pose A Danger For Bitcoin? BTC Loses $20,000 Levels","datePublished":"2022-09-01T15:57:54+00:00","dateModified":"2024-06-11T14:23:16+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/"},"wordCount":537,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/finance-g20a87a716_1280.jpg?fit=1280%2C853","keywords":["bitcoin","btc","BTCUSDT"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2022","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/","url":"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/","name":"Does The Dollar Rally Poses a Danger For Bitcoin? BTC Loses $20,000","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/finance-g20a87a716_1280.jpg?fit=1280%2C853","datePublished":"2022-09-01T15:57:54+00:00","dateModified":"2024-06-11T14:23:16+00:00","description":"Bitcoin (BTC) continues to trade in a tight range with low volatility between the high area north of $19,000 and $20,000.","breadcrumb":{"@id":"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/finance-g20a87a716_1280.jpg?fit=1280%2C853","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/finance-g20a87a716_1280.jpg?fit=1280%2C853","width":1280,"height":853,"caption":"Bitcoin Remains At $21K But Bitcoin Cash Surges By 7%"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Does The U.S. Dollar Rally Pose A Danger For Bitcoin? BTC Loses $20,000 Levels"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin & Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/6b25e0bbb04d6129ebb4d","name":"Reynaldo Marquez","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/036a3927a22f63e491c08a08c3641ece?s=96&d=mm&r=g","caption":"Reynaldo Marquez"},"description":"A literature major, Reynaldo M\u00e1rquez has been deeply immersed in the crypto industry since 2017. His journey began with translating articles for various crypto news outlets, a role he took on with zeal. In 2018, amidst a challenging market, he embraced his first writing assignment, demonstrating his unwavering commitment to the nascent industry and the promise of change it bears for many people worldwide. In March 2021, he joined the prestigious crypto news outlet NewsBTC and Bitcoinist, where he not only reported on the latest crypto news but also had the privilege of interviewing some of the industry's most influential figures. A year later, his dedication and hard work were recognized, and he was promoted to Managing Editor, a position he currently holds with pride. He believes in honesty, good communication, hard work, and the power of cryptocurrency and its potential to transform people's lives, especially those alienated by the legacy financial system. Born in 1992 in Venezuela, Reynaldo is familiar with how governments and central banks can negatively affect people, their everyday lives, and their futures by creating inflation and erasing their hopes for a better future. Thus, like many Venezuelans, he embraced this new technology to help him and his family navigate difficult times. In another life, Reynaldo would have pursued a career as an investigator, most likely tracking down the origins of the Cyberpunk movement with the publication of William Gibson\u2019s \u2018Neuromancer.\u2019 The intersection between fiction and reality, with the materialization of Bitcoin in 2009, would have allowed him to dive deep into the crypto sphere as something more than a financial phenomenon but also a cultural shift in society that was brewing since the XX century, and maybe even sooner, in the XIX century with the publication of Henry David Thoreau\u2019s \u2018Civil Disobedience.\u2019 But that\u2019s for another life. In this one, Reynaldo has been trading to improve his trading skills. Since 2023, he has been trying to learn Python to create successful strategies and find ways to execute them. It is a difficult task, which continues to keep him busy today and will most likely continue to keep him busy in the near and long term. In his free time, he enjoys lifting heavy objects, reading, watching movies, and listening to his favorite music. Some of his favorite authors are Walt Whitman, William Faulkner, Allen Ginsberg, James Baldwin, Raymond Carver, Ray Bradbury, George Orwell, Mario Vargas Llosa, Reinaldo Arenas, Rafael Cadenas, and many others. Lately, he has been primarily interested in reading about dystopic societies, a topic that deeply resonates with the crypto industry. Since 2023, he has lived in Spain with his wife. He loves the weather, the food, and the people and their culture. They both expect to travel much more within the country they now call home and beyond its border. He hopes to retire with his wife, maybe in a quiet place near a beach, but most likely in a city close to a library and a university with his kids and, hopefully, grandkids.","sameAs":["https:\/\/www.linkedin.com\/in\/reynaldo-mrquez-2ab111190\/","https:\/\/x.com\/rl_m"],"url":"https:\/\/wncen.com\/author\/reynaldomarquez\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Does The U.S. Dollar Rally Pose A Danger For Bitcoin? BTC Loses $20,000 Levels","url":"http:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/finance-g20a87a716_1280.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/finance-g20a87a716_1280.jpg?fit=1280%2C853"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Reynaldo Marquez"}],"creator":["Reynaldo Marquez"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","btc","btcusdt"],"dateCreated":"2022-09-01T15:57:54Z","datePublished":"2022-09-01T15:57:54Z","dateModified":"2024-06-11T14:23:16Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Does The U.S. Dollar Rally Pose A Danger For Bitcoin? BTC Loses $20,000 Levels\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/does-the-u-s-dollar-rally-poses-a-danger-to-bitcoin-btc-loses-20000-levels\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/finance-g20a87a716_1280.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/finance-g20a87a716_1280.jpg?fit=1280%2C853\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Reynaldo Marquez\"}],\"creator\":[\"Reynaldo Marquez\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"btc\",\"btcusdt\"],\"dateCreated\":\"2022-09-01T15:57:54Z\",\"datePublished\":\"2022-09-01T15:57:54Z\",\"dateModified\":\"2024-06-11T14:23:16Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/finance-g20a87a716_1280.jpg?fit=1280%2C853","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/500785","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/535"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=500785"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/500785\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/499953"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=500785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=500785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=500785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}