Bitcoin advocate Joe Consorti has predicted a potential drop in the value of BTC due to the rising strength of the US Dollar. The USD is currently at its strongest level in twenty-six months, which historically has been challenging for BTC. Many in the crypto community have also expressed concern about the USD's growing strength. A stronger dollar makes Bitcoin more expensive for non-dollar investors, potentially impacting demand and putting downward pressure on the BTC price. However, not everyone is convinced that the USD will continue to rise, and some analysts believe the USD has already peaked against the Euro. Onchain metrics suggest that BTC is still in a bull market, despite a recent decline from its peak. However, the Coinbase Premium has fallen to a 12-month low, indicating a lack of institutional demand from US investors.



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