Bitcoin's recent rally has seen prices surpass $98,000, a notable achievement for the cryptocurrency. However, specialists warn that the growing strength of the U.S. dollar may present challenges for Bitcoin's continued increase.
The dilemma arises as investors weigh the benefits of Bitcoin against a more formidable dollar, which could potentially absorb investment that might otherwise flow into cryptocurrencies.
Analyst caution suggests that while Bitcoin’s momentum is strong, external economic factors such as currency fluctuations must be considered.
Source: www.theblockcrypto.com ↗
