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 <h2 id="strong-the-us-dollar-vs-bitcoin-competition-strong"><strong>The US Dollar vs Bitcoin Competition</strong></h2> 
 <p><span style="font-weight: 400">According</span><span style="font-weight: 400"> to a Bloomberg report, the current positive trend in the US Dollar is the most emphatic growth run since 2005. This bullish growth for the greenback is notably fueled by critical improvements in the service sectors, which have outperformed the goods sector by a 2.5-point margin over at least six months and four times over the past 10 years.</span></p>  
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 <p><span style="font-weight: 400">This growth is not mainly a piece of positive news for <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> which is changing hands at a price of $25,734.32 after </span><span style="font-weight: 400">taking a negative beating</span><span style="font-weight: 400"> by about 0.53% in the past 24 hours. In reality, <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> cannot boast of the same sustained growth run as the US Dollar is currently charting at the moment as its performance in the trailing 7-day period has been erratic, cresting at a loss of 7.99% at the time of writing.&nbsp;</span></p> 
 <p><span style="font-weight: 400">With the Dollar getting stronger, the chances that more conservative investors will be pursuing more dollar-hinged investment assets is high. The devolution of interest through this means might also account for why funds appear to be exiting <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> as showcased by its metrics including trading volume which is down Month-to-Date (MTD).</span></p> 
 <h2 id="strong-potential-switch-in-tempo-strong"><strong>Potential Switch in Tempo</strong></h2>  
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 <p><span style="font-weight: 400">There is a very noticeable dynamism in the financial ecosystem which cuts across both the traditional finance world and crypto and that is how transient growth in assets can be. </span></p>  
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 <p><span style="font-weight: 400">This trend is positioned to allay any form of fears with respect to the current divergent relationship between the BTC and USD. While the US Dollar is seeing the best of its days in close to a decade, <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a>’s outlook can be positively flipped especially if some of its positive growth trends are brought into perspective.</span></p> 
 <p><span style="font-weight: 400">One of these growth trends is the probable approval of a spot <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a> Exchange Traded Fund (ETF) product by the Securities and Exchange Commission (SEC). Should the broader </span><span style="font-weight: 400">consensus</span><span style="font-weight: 400"> from industry experts with respect to the likely approval come to fruition, we can expect capital to flow in a unilateral manner from Traditional finance into <a rel="noopener noreferrer nofollow" title="Bitcoin" href="https://thebittimes.com/tag/bitcoin.html">Bitcoin</a>, a trend that can bolster its price outlook overall.</span></p> 
</div>  
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/bitcoin-btc-stalls-as-us-dollar-gains-8th-straight-win-tbt61643.html">https://thebittimes.com/bitcoin-btc-stalls-as-us-dollar-gains-8th-straight-win-tbt61643.html</a></p>

Bitcoin (BTC) stalls as US Dollar gains 8th straight win

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