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Bitcoin rises 0.31% to $79,699 as traders await Fed Chair Kevin Warsh’s Jackson Hole keynote and anticipate a possible rebound in the US dollar.
The article explains what the U.S. Dollar Index measures and how dollar movements affect Bitcoin, gold, stocks and commodities.
CryptoQuant reports that $617 billion in Bitcoin remains at a loss despite the recent price recovery, with only 69% of Bitcoin holdings in profit.
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