Stocks surge, altcoins give back their gains and dollar strength may push Bitcoin lower

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Stocks and oil are up this week but crypto is down. Can a recovery on the DXY drive us even lower?

Crypto total market capitalization weekly chart. Source: TradingViewstands just above the $1.20 trillion level, which is getting uncomfortably close to the critical $1 trillion zone.Light crude futures continue to rise and could complete an implied close near 14-year highs, levels not seen since late July 2008. From April 11 to June 3, oil has already gained more than 20% and rests just below the $120 level.

A strong technical bounce of the weekly Tenkan-Sen saw the DXY bounce more than +1%, but most of those gains have been lost. The DXY could drop lower to the critical 100 level near the weekly Kijun-Sen, but the hidden bullish divergence between the chart and the composite index may prevent further downside pressure.

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It seems that you are only issuing negative news constantly. And you are businessmen? What a negative attitude. It is not interesting to follow companies like this. Desire to sell everything and send this sector to hell.

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Bitcoin Mining Stocks Decline Over 50%Bitcoin mining stocks like Riot Blockchain (RIOT) and Marathon Digital (MARA) declined by more than 50% on average as BTC's price slumped following last year’s bull run. Data suggests bitcoin supply held in miner addresses have mainly been net outflows since April. 'All About Bitcoin' host Christine Lee breaks down the Chart of the Day. cryptocom I keep saying it would not be worth soon, in several years if Bitcoin doesn't grow to make it worth it cryptocom Leveraged Multichain Margin DEX coming this month SatoshiSwap SatoshiStBets SatoshiSwapHQ cryptocom This downtrend market has a Tribalpunk going against it guys :))) The index is also good, IDO TGE 20%, KYC, AMA are all games, the price is x3, x4 IDO price, looks delicious, yes Anyone FOMO come in with me 🤩
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