
How did US dollar performance affect the price of bitcoin?
How did the performance of the US dollar, as the world's dominant reserve currency, directly influence the price fluctuations of bitcoin, the decentralized digital currency? Did the strengthening or weakening of the dollar against other major currencies drive investors to seek alternative investments like bitcoin, thereby impacting its value? Or was it more of a complex interplay between market sentiment, regulatory changes, and technical factors that ultimately shaped the price of bitcoin?
