BlockBeats News, June 12, LMAX Group strategist Joel Kruger stated in a report that a weaker US dollar, combined with an increase in risk appetite among investors, could help boost Bitcoin once again. Bitcoin dropped 1.7% due to trade uncertainties and concerns over tensions in the Middle East. The US Dollar Index fell to a three-year low of 97.789. "A weak dollar typically benefits cryptocurrencies, and as investors shift back to higher-risk assets, potential rebounds in Bitcoin and Ethereum will be supported," Kruger said. (Gold Ten)
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