Bitcoin heads to US midterms as research says dollar ‘closing in’ on a market top
Bitcoin (BTC) stayed lower at the Nov. 7 Wall Street open as the day before the United States midterm elections opened to flat equities performance. “Retail is the one who pays for it when war is waged. But it can also end up with unintended consequences. Back on Bitcoin, trader Il Capo of Crypto stayed close to an existing theory of $21,500 marking a local top to come, which would be followed by more severe downside. Related: Funding rates hit 6-month high before CPI — 5 things to know in Bitcoin this week The U.S. dollar index (DXY), busy attempting a reprieve from last week’s losses, circled 110.5 at the time of writing, unable to find bullish momentum. Source: Cointelegraph.com.