• bitcoinBitcoin(BTC)$26,854.004.50%
    BITCOIN
    24H : 4.50%
    Volume : $57,242,770,698.00
    Marketcap : $497,890,021,994.00
  • ethereumEthereum(ETH)$690.717.56%
    ETHEREUM
    24H : 7.56%
    Volume : $23,244,117,950.00
    Marketcap : $78,587,051,852.00
  • tetherTether(USDT)$0.999-0.07%
    TETHER
    24H : -0.07%
    Volume : $72,205,639,227.00
    Marketcap : $20,733,195,064.00
  • rippleXRP(XRP)$0.292-3.61%
    XRP
    24H : -3.61%
    Volume : $7,313,482,970.00
    Marketcap : $13,312,899,860.00
  • litecoinLitecoin(LTC)$130.94-0.50%
    LITECOIN
    24H : -0.50%
    Volume : $10,054,533,934.00
    Marketcap : $8,671,663,323.00
  • bitcoin-cashBitcoin Cash(BCH)$348.308.21%
    BITCOIN CASH
    24H : 8.21%
    Volume : $6,188,822,558.00
    Marketcap : $6,474,573,345.00
  • chainlinkChainlink(LINK)$12.3712.22%
    CHAINLINK
    24H : 12.22%
    Volume : $1,732,600,445.00
    Marketcap : $4,969,507,022.00
  • cardanoCardano(ADA)$0.1580.560%
    CARDANO
    24H : 0.560%
    Volume : $1,274,838,752.00
    Marketcap : $4,924,859,555.00
  • usd-coinUSD Coin(USDC)$1.0000.110%
    USD COIN
    24H : 0.110%
    Volume : $1,230,453,577.00
    Marketcap : $3,612,037,097.00
  • stellarStellar(XLM)$0.147-1.74%
    STELLAR
    24H : -1.74%
    Volume : $713,065,512.00
    Marketcap : $3,210,541,707.00
  • moneroMonero(XMR)$162.07-2.01%
    MONERO
    24H : -2.01%
    Volume : $550,053,258.00
    Marketcap : $2,874,166,381.00
  • eosEOS(EOS)$2.786.04%
    EOS
    24H : 6.04%
    Volume : $3,510,759,265.00
    Marketcap : $2,645,678,465.00
  • nemNEM(XEM)$0.237-2.90%
    NEM
    24H : -2.90%
    Volume : $141,925,932.00
    Marketcap : $2,130,730,685.00
  • tronTRON(TRX)$0.0295.27%
    TRON
    24H : 5.27%
    Volume : $1,208,543,067.00
    Marketcap : $2,104,299,519.00
  • okbOKB(OKB)$6.598.45%
    OKB
    24H : 8.45%
    Volume : $157,293,855.00
    Marketcap : $1,788,761,657.00
  • tezosTezos(XTZ)$2.062.30%
    TEZOS
    24H : 2.30%
    Volume : $156,021,174.00
    Marketcap : $1,558,679,475.00
  • theta-tokenTheta Network(THETA)$1.35-19.73%
    THETA NETWORK
    24H : -19.73%
    Volume : $280,817,464.00
    Marketcap : $1,373,623,875.00
  • leo-tokenLEO Token(LEO)$1.392.17%
    LEO TOKEN
    24H : 2.17%
    Volume : $2,240,027.00
    Marketcap : $1,347,413,865.00
  • crypto-com-chainCrypto.com Coin(CRO)$0.058-2.85%
    CRYPTO.COM COIN
    24H : -2.85%
    Volume : $49,794,221.00
    Marketcap : $1,293,590,436.00
  • cosmosCosmos(ATOM)$4.921.07%
    COSMOS
    24H : 1.07%
    Volume : $249,098,071.00
    Marketcap : $1,173,715,956.00
  • daiDai(DAI)$1.000-0.89%
    DAI
    24H : -0.89%
    Volume : $425,774,193.00
    Marketcap : $1,109,060,082.00
  • vechainVeChain(VET)$0.01714.59%
    VECHAIN
    24H : 14.59%
    Volume : $440,159,990.00
    Marketcap : $1,094,957,503.00
  • dashDash(DASH)$107.74-1.45%
    DASH
    24H : -1.45%
    Volume : $742,518,300.00
    Marketcap : $1,061,850,426.00
  • huobi-tokenHuobi Token(HT)$4.051.20%
    HUOBI TOKEN
    24H : 1.20%
    Volume : $142,328,956.00
    Marketcap : $942,955,717.00
  • iotaIOTA(MIOTA)$0.3055.05%
    IOTA
    24H : 5.05%
    Volume : $35,070,679.00
    Marketcap : $848,989,875.00
  • zcashZcash(ZEC)$68.241.68%
    ZCASH
    24H : 1.68%
    Volume : $571,986,281.00
    Marketcap : $735,770,954.00
  • ethereum-classicEthereum Classic(ETC)$5.912.45%
    ETHEREUM CLASSIC
    24H : 2.45%
    Volume : $922,671,290.00
    Marketcap : $687,012,994.00
  • wavesWaves(WAVES)$6.470.040%
    WAVES
    24H : 0.040%
    Volume : $103,854,358.00
    Marketcap : $649,472,213.00
  • dogecoinDogecoin(DOGE)$0.00461.78%
    DOGECOIN
    24H : 1.78%
    Volume : $170,210,812.00
    Marketcap : $588,745,932.00
  • makerMaker(MKR)$563.723.89%
    MAKER
    24H : 3.89%
    Volume : $58,876,146.00
    Marketcap : $506,992,083.00
  • decredDecred(DCR)$39.074.91%
    DECRED
    24H : 4.91%
    Volume : $12,137,044.00
    Marketcap : $483,778,190.00
  • omisegoOMG Network(OMG)$2.715.61%
    OMG NETWORK
    24H : 5.61%
    Volume : $281,698,505.00
    Marketcap : $379,462,878.00
  • ontologyOntology(ONT)$0.4621.74%
    ONTOLOGY
    24H : 1.74%
    Volume : $163,422,856.00
    Marketcap : $371,677,245.00
  • paxos-standardPaxos Standard(PAX)$1.0000.090%
    PAXOS STANDARD
    24H : 0.090%
    Volume : $115,631,020.00
    Marketcap : $333,332,911.00
  • basic-attention-tokenBasic Attention Token(BAT)$0.2130.540%
    BASIC ATTENTION TOKEN
    24H : 0.540%
    Volume : $143,829,898.00
    Marketcap : $316,348,099.00
  • 0x0x(ZRX)$0.3793.95%
    0X
    24H : 3.95%
    Volume : $131,740,180.00
    Marketcap : $284,614,859.00
  • algorandAlgorand(ALGO)$0.3295.56%
    ALGORAND
    24H : 5.56%
    Volume : $143,331,240.00
    Marketcap : $264,373,135.00
  • iconICON(ICX)$0.413-1.96%
    ICON
    24H : -1.96%
    Volume : $46,222,854.00
    Marketcap : $239,105,986.00
  • qtumQtum(QTUM)$2.311.85%
    QTUM
    24H : 1.85%
    Volume : $208,018,147.00
    Marketcap : $239,085,497.00
  • liskLisk(LSK)$1.20-0.56%
    LISK
    24H : -0.56%
    Volume : $7,096,836.00
    Marketcap : $171,640,493.00
  • bitcoin-goldBitcoin Gold(BTG)$8.885.13%
    BITCOIN GOLD
    24H : 5.13%
    Volume : $23,987,360.00
    Marketcap : $155,244,268.00
  • ravencoinRavencoin(RVN)$0.013-2.15%
    RAVENCOIN
    24H : -2.15%
    Volume : $10,163,109.00
    Marketcap : $103,253,438.00
  • monacoinMonaCoin(MONA)$1.400.170%
    MONACOIN
    24H : 0.170%
    Volume : $7,056,313.00
    Marketcap : $101,821,860.00
  • bytomBytom(BTM)$0.0574.78%
    BYTOM
    24H : 4.78%
    Volume : $16,367,686.00
    Marketcap : $94,208,946.00
  • bitcoin-diamondBitcoin Diamond(BCD)$0.4872.24%
    BITCOIN DIAMOND
    24H : 2.24%
    Volume : $3,155,521.00
    Marketcap : $92,164,660.00
  • augurAugur(REP)$15.92-1.13%
    AUGUR
    24H : -1.13%
    Volume : $10,977,787.00
    Marketcap : $89,848,762.00
Cryptotelegraph
  • bitcoin
    BTC$26,854.004.50%
  • ethereum
    ETH$690.717.56%
  • ripple
    XRP$0.292-3.61%
  • litecoin
    LTC$130.94-0.50%
  • bitcoin-cash
    BCH$348.308.21%
    • News
      • Bitcoin News
      • Ethereum News
      • Crypto News
      • Crypto Technology
      • Analysis
      • Blockchain News
      • Industry News
      • ICO News
    • Market Cap
    • Exchanges
    • ICOs
    • Videos
      • Bitcoin Videos
      • Ethereum Videos
      • Altcoin Videos
      • Blockchain Videos
      • ICO Videos
    • Submit Press Release
    • Contact Us
    No Result
    View All Result
    Cryptotelegraph.com
    No Result
    View All Result
    Home News Bitcoin News

    How The Dollar (DXY) Index Is Responsible For Today’s Bitcoin Carnage

    Andy K by Andy K
    September 28, 2020
    in Bitcoin News
    Reading Time: 2min read
    2.9k 122
    0
    How The Dollar (DXY) Index Is Responsible For Today’s Bitcoin Carnage
    4.1k
    SHARES
    33.8k
    VIEWS
    Share on FacebookShare on Twitter

    Bitcoin price is down $800 in just over 24 hours, and elsewhere in the finance space, there is pure carnage. Gold fell below $1900, and stocks are downward spiraling. And behind it all is the dollar. But why is the Dollar Currency Index (DXY) potentially responsible for the market-wide collapse and what exactly is driving it?

    Bitcoin Price Collapses $800 In Early Week Selloff, Another Test of $10,000 Next?

    Bitcoin price tapped over $11,000 one last time before a deadly drop began later Saturday night and into Sunday. The drop extended deeper into the weekday trading week, with a fall to under $10,400 starting Monday morning.

    Related Reading | “Intense” Bitcoin Whale Exchange Flow Could Be Behind Weekend Crash



    14 BTC & 95,000 Free Spins for every player, only in mBitcasino’s Exotic Crypto Paradise! Play Now!







    It wasn’t just Bitcoin, Ethereum, Ripple, and even top DeFi tokens tanked in the selloff. Blockchain data shows that miners were partly responsible for driving prices down, however, the drop is really due to the dollar.

    Related articles

    Altcoins Bleed Out against BTC as Selling Pressure Continues Mounting

    Altcoins Bleed Out against BTC as Selling Pressure Continues Mounting

    December 27, 2020
    33.8k
    Bitcoin Almost Taps $28,000 in Continued Holiday Rally

    Bitcoin Almost Taps $28,000 in Continued Holiday Rally

    December 27, 2020
    33.8k

    The Dollar (DXY) Index Deals Devastating Blow To Crypto, Metals, and Stocks

    Although Bitcoin has dragged down the rest of the crypto market, the leading cryptocurrency by market cap is just part of a market-wide collapse.

    Alongside Bitcoin’s steep breakdown, the Dow Jones Industrial Average has bled over 800 points and gold is now trading back below $1900 an ounce.

    Behind it all could be the dollar. The DXY Dollar Currency Index is a weighted basket of top forex currencies

    Read More From Original Source

    Tags: bitcoinBTCBTCUSDbtcusdtCryptoDollardollar currency indexdxyXBTxbtusd
    Share1622Tweet1014
    Andy K

    Andy K

    Andy is a former Forex Trader who got involved in the crypto industry early January 2013. Since then Andy has been writing about cryptocurrencies and blockchain technology within various online crypto news publications. He is also one of the main contributors to Cryptotelegraph.com

    Fun Fact : Andy's nickname in the office is 'Crypto Head' due to a small 'bitcoin' tattoo behind his left ear (now that's dedication to the industry)

    Related Posts

    Altcoins Bleed Out against BTC as Selling Pressure Continues Mounting

    Altcoins Bleed Out against BTC as Selling Pressure Continues Mounting

    by Andy K
    December 27, 2020
    0
    33.8k

    Bitcoin has been on a wild ride throughout the past few weeks, and its parabolic growth trend is showing no...

    Bitcoin Almost Taps $28,000 in Continued Holiday Rally

    Bitcoin Almost Taps $28,000 in Continued Holiday Rally

    by Andy K
    December 27, 2020
    0
    33.8k

    Bitcoin has continued to erupt higher, even as certain traders have asserted that the market is clearly overbought. As can...

    Bitcoin’s Next Impulse Move Could Send It Rocketing to $40,000: Analyst

    Bitcoin’s Next Impulse Move Could Send It Rocketing to $40,000: Analyst

    by Andy K
    December 27, 2020
    0
    33.8k

    It has been on a wild ride the past few weeks, with buyers being in full control of its price...

    Bitcoin Explodes Past $26,500 in Post-Christmas Rally

    Bitcoin Explodes Past $26,500 in Post-Christmas Rally

    by Andy K
    December 27, 2020
    0
    33.8k

    Bitcoin is enjoying a strong post-Christmas rally despite a strong drop heading into the holiday. The leading cryptocurrency just burst...

    Rapid Bitcoin Move Could Find a Top Near $28,000: Analyst

    Rapid Bitcoin Move Could Find a Top Near $28,000: Analyst

    by Andy K
    December 27, 2020
    0
    33.8k

    Bitcoin has undergone an extremely strong rally over the past day, despite the <span class="wpg-tooltip-term-title">Coin</span></h3><div class="wpg-tooltip-content">A coin is a unit...

    Load More

    Discussion about this post

    Partners

    • Trending
    • Comments
    • Latest
    Blockchain | Hack Script 2020 GENERATES Unlimited 100% WORKING bitcoin hacked

    Blockchain | Hack Script 2020 GENERATES Unlimited 100% WORKING bitcoin hacked

    March 14, 2020
    🔥 Forsage 🚀 (Fast and Furious) – Fully Decentralized Matrix program on Ethereum Smart Contract 🔥

    🔥 Forsage 🚀 (Fast and Furious) – Fully Decentralized Matrix program on Ethereum Smart Contract 🔥

    March 31, 2020
    El Mejor Contrato Inteligente para ganar rápidamente Ethereum – BullRun 2.0

    El Mejor Contrato Inteligente para ganar rápidamente Ethereum – BullRun 2.0

    March 28, 2020
    HOW TO SIGN UP IN FORSAGE SMART CONTRACT  ETHEREUM  The Faculty Blockchain

    HOW TO SIGN UP IN FORSAGE SMART CONTRACT ETHEREUM The Faculty Blockchain

    February 21, 2020
    Ripple XRP Token

    Ripple and XRP – The Convoluted Truth Behind XRP’s Creation

    0
    Bitcoin cash hard fork. BitcoinCash Hard fork (BCH Hard fork)

    Bitcoin Cash ‘hard fork’ What you need to know about it

    0
    BAKKT Futures: BAKKT Warehouse & Bitcoin Exchange

    Will Bakkt Send Bitcoin’s price skyrocketing?

    0
    Crytotelegraph - Crypto News & Reviews - Bitcoin & Altcoins

    Bitcoin price news: 10 year forecast shows bitcoin ‘WON’T DIE’ Latest BTC prediction

    0
    Altcoins Bleed Out against BTC as Selling Pressure Continues Mounting

    Altcoins Bleed Out against BTC as Selling Pressure Continues Mounting

    December 27, 2020
    Bitcoin Almost Taps $28,000 in Continued Holiday Rally

    Bitcoin Almost Taps $28,000 in Continued Holiday Rally

    December 27, 2020
    Bitcoin’s Next Impulse Move Could Send It Rocketing to $40,000: Analyst

    Bitcoin’s Next Impulse Move Could Send It Rocketing to $40,000: Analyst

    December 27, 2020
    Bitcoin Explodes Past $26,500 in Post-Christmas Rally

    Bitcoin Explodes Past $26,500 in Post-Christmas Rally

    December 27, 2020
    Cryptotelegraph.com

    The Cryptotelegraph is a Crypto News Magazine ‘Startup’ that hunts high and low to compile the very latest crypto news and reviews from around the web, whilst at the same time producing thought provoking articles and interpretations surrounding the cryptocurrency market today!

    Read More

    Crypto News

    Altcoins Bleed Out against BTC as Selling Pressure Continues Mounting

    Bitcoin Almost Taps $28,000 in Continued Holiday Rally

    Bitcoin’s Next Impulse Move Could Send It Rocketing to $40,000: Analyst

    Bitcoin Explodes Past $26,500 in Post-Christmas Rally

    Rapid Bitcoin Move Could Find a Top Near $28,000: Analyst

    Bitcoin Hints Extended Bullish Momentum as Stimulus Talks Drag On

    Donations Welcome

    Bitcoin Address : 3AhxNswMkD5tjJJ544NRCwWhCDXHJ5GTzq
    Ethereum Address : 0x9627FB741C19e1a70E7006F2B0D0c26d14AA1816
    Bitcoin Cash Address : qq93an6n9unnu496vpcx684zekkmn4yk6g79kllf7d
    Litecoin Address : MKVphBBJkBbjSh4D6aFLds9XHE1rnS9iHW

    © Copyrights 2019 Cryptotelegraph.com. All Rights Reserved.

    Contact    About    Privacy & Cookie Policy

    No Result
    View All Result
    • News
      • Bitcoin News
      • Ethereum News
      • Crypto News
      • Crypto Technology
      • Analysis
      • Blockchain News
      • Industry News
      • ICO News
    • Market Cap
    • Exchanges
    • ICOs
    • Videos
      • Bitcoin Videos
      • Ethereum Videos
      • Altcoin Videos
      • Blockchain Videos
      • ICO Videos
    • Submit Press Release
    • Contact Us

    © Cryptotelegraph.com

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Create New Account!

    Fill the forms below to register

    *By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
    All fields are required. Log In

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In

    Add New Playlist

    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.