🚨 The dollar WEAKENS after the U.S. elections… and Bitcoin is back at 78,000 👀
When the dollar loses strength, money tends to seek refuge elsewhere.
🟠 Bitcoin (~78,400): the dollar index is down nearly 0.5% today with Democrats winning Congress, while Bitcoin is up ~1.5%. ETF selling is also slowing: $643M flowed out on Friday, $399M on Monday, and just $116M at Tuesday’s close. If inflows return today, 80,000 is the next ceiling; support is at 75,700.
🔷 ETH (~2,310): ETH ETFs have seen outflows for seven straight days, but they’re getting smaller. At its conference in India, Ethereum showed how networks built on top of it can use the main network’s funds in a single transaction, with no bridges or delays. Holding 2,300 is key; the ceiling above is at 2,350.
🔺 AVAX (~8.65): a Wall Street asset manager is preparing to move $300M from its investment funds into tokens on Avalanche—that is, digital versions that can be bought and sold on the network. That’s real institutional money coming in, although the price remains tied to Bitcoin. Support is at 8.00.
A weak dollar, ETF selling slowing, and crypto catching its breath.
Are you taking advantage of the rebound or waiting for 80,000? 👇
#Bitcoin #ETH #AVAX
When the dollar loses strength, money tends to seek refuge elsewhere.
🟠 Bitcoin (~78,400): the dollar index is down nearly 0.5% today with Democrats winning Congress, while Bitcoin is up ~1.5%. ETF selling is also slowing: $643M flowed out on Friday, $399M on Monday, and just $116M at Tuesday’s close. If inflows return today, 80,000 is the next ceiling; support is at 75,700.
🔷 ETH (~2,310): ETH ETFs have seen outflows for seven straight days, but they’re getting smaller. At its conference in India, Ethereum showed how networks built on top of it can use the main network’s funds in a single transaction, with no bridges or delays. Holding 2,300 is key; the ceiling above is at 2,350.
🔺 AVAX (~8.65): a Wall Street asset manager is preparing to move $300M from its investment funds into tokens on Avalanche—that is, digital versions that can be bought and sold on the network. That’s real institutional money coming in, although the price remains tied to Bitcoin. Support is at 8.00.
A weak dollar, ETF selling slowing, and crypto catching its breath.
Are you taking advantage of the rebound or waiting for 80,000? 👇
#Bitcoin #ETH #AVAX
