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Weaker dollar lifts Bitcoin to $30.7K as analyst eyes 60% BTC dominance -Breaking

by Mike Robinson

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Bitcoin climbs up to $30.7K thanks to a weaker dollar. Analyst claims that 60% of BTC is in the hands of China.

(BTCThe U.S. dollar’s weakness provided bulls with some much-needed relief, allowing ) to hit new highs of 48 hours overnight through May 20.

1-hour candle chart (Bitstamp). TradingView

From Cointelegraph Markets ProAnd TradingViewBitstamp’s highest record was $30,725 in BTC/USD.

1 hour candle chart (DXY). Source: TradingView
Bitcoin dominance 1-week candle chart. Source: TradingView