TechFlow, June 12 — According to Jinshi Data, LMAX Group strategist Joel Kruger said in a report that a weakening dollar, coupled with increased investor risk appetite, could help boost bitcoin again. Bitcoin dropped 1.7% due to trade uncertainties and concerns over tensions in the Middle East. The dollar index fell to a three-year low of 97.789. "A weaker dollar is typically favorable for cryptocurrencies, supporting potential rebounds in bitcoin and ethereum as investors shift back toward higher-risk assets."
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