Crypto rides USD weakness

Crypto rides USD weakness

Bitcoin, Ethereum soar as US Dollar demand fades.

  • The U.S. Federal Trade Commission said that buyers of polluting Volkswagen vehicles received more than $9.8 billion in settlements.
  • Bitcoin and Ethereum may extend their rally in the week ahead if US Dollar weakness persists in tandem with swelling demand for higher-beta assets.
  • The S&P 500 stock index may fall ahead of the Federal Reserve interest rate decision as coronavirus relief bill talks stall in the Senate.

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