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Bitcoin Markets

BTC Currency Update - Our review of Bitcoin forecasts and news plus charts and historic rates. Check BTC Trends over various time periods.

 

Recent developments in the BTC to USD exchange rate demonstrate the evolving sentiments among traders. Analysts highlight that Bitcoin's recent decline challenges its reputation as a reliable safe haven amid rising inflation and geopolitical risks. As traders favor liquidity and mitigate exposure to volatility, Bitcoin's price reflects these cautious attitudes.

In contrast, the USD has seen a strong uptick, buoyed by robust U.S. jobs data that exceeded expectations. The latest non-farm payroll figures revealed an increase to 147,000 in June, notably above the forecasted 110,000, alongside a decrease in the unemployment rate. This trend suggests a resilient U.S. economy, reinforcing the USD's position as a dominant global currency.

The strength of the dollar is significantly influenced by Federal Reserve policies, with higher interest rates typically attracting investors. Given the recent economic indicators, the dollar's safe-haven status becomes especially pronounced during periods of uncertainty, leading capital to flow into USD assets. Geopolitical tensions, like the ongoing conflict in Ukraine, further bolster the dollar's appeal as a stable investment.

Current price data shows BTC trading at 109,639, representing a notable 10% premium over its three-month average of 99,646. However, BTC remains subject to considerable volatility, having fluctuated within a 44.3% range from 77,000 to 111,098. Experts emphasize that while Bitcoin continues to navigate a turbulent landscape, the strength of the USD provides a stark counterpoint, highlighting the ongoing dynamics in the currency markets. As these trends unfold, individuals and businesses engaged in international transactions should remain vigilant to optimize their currency exchanges.

 

Bitcoin to US dollar - BTC/USD Trend

 
BTC to USD at 109639 is 10.0% above its 3-month average of 99646, having traded in a highly volatile 44.3% range from 77000 to 111098
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1 BTC =
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USD
 
+0.4%
 
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Compare & Save on Exchange Rates

Exchange rates can vary significantly between banks and currency exchange providers, so it's important to compare rates from different sources before making a conversion.

The below table makes it easy to calculate and compare the Total Cost you are being charged on currency rates and the possible savings of using a foreign exchange provider rather than your bank.

 

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