$BTC nudged above its $20,000 psychological threshold but glengoodman, eToro crypto consultant, told CoinDesk TV’s “First Mover” on Tuesday that even in crypto “there are no safe havens” while the strong dollar continues. _franvela reports
“There are no safe havens,” Glen Goodman, eToro crypto consultant, told CoinDesk TV on Tuesday, referring to price action in crypto, various world currencies and even U.S. Treasury bonds because of the increasing strength of the U.S. dollar.
“We’ve got a situation where as much money in the world as possible is going into dollars,” Goodman said during an appearance on CoinDesk TV’s “Even U.S. Treasury bonds – long considered to be the safest of safe havens by investors –"have been plummeting and plummeting, which in itself is a major danger to both the U.S. economy and the world economy," he added.
Bitcoin, the largest cryptocurrency by market value, rose more than 5% during early hours on Tuesday,Traders are analyzing bitcoin’s performance in the context of what’s happening in broader foreign-exchange markets. Over the past five days, the British pound, Japanese yen and the Chinese yuan have plummeted significantly against the U.S. dollar.
A reversal in the dollar’s rise could come as traders “start taking their profits,” according to Goodman. This could lead to a
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