Over the last two weeks, the dollar pullback has played a role in stabilising bitcoin. However, the greenback's overbought condition has normalised, paving the way for a potentially higher dollar. If so, this will act as a headwind for cryptocurrencies.
Senior Market Specialist
Russell Shor joined FXCM in October 2017 as a Senior Market Specialist. He is a certified FMVA® and has an Honours Degree in Economics from the University of South Africa. Russell is a full member of the Society of Technical Analysts in the United Kingdom. With over 20 years of financial markets experience, his analysis is of a high standard and quality.