Bitcoin price tied to US dollar performance, not politics, custodian says – Cointelegraph

The price of Bitcoin is directly connected to the performance of the US dollar, rather than political events, according to a custodian. This means that fluctuations in the value of the US dollar have a significant impact on the price of Bitcoin. Despite political turmoil, the value of Bitcoin remains closely tied to the strength of the US dollar. This insight sheds light on the relationship between traditional financial systems and the emerging world of cryptocurrency.

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