Strategist: The weakening of the US dollar may help Bitcoin rise again

BlockBeats news, on June 12th, LMAX Group strategist Joel Kruger stated in a report that the weakening of the US dollar, coupled with increased investor risk-taking willingness, may help boost Bitcoin once again. Due to trade uncertainty and concerns about tensions in the Middle East, Bitcoin fell 1.7%. The US dollar index fell to a three-year low of 97.789. The weakness of the US dollar usually benefits cryptocurrencies, and as investors shift back to higher risk assets, the potential rebound of Bitcoin and Ethereum will be supported