Bitcoin Falls on Risk Aversion, Stronger Dollar — Market Talk
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Bitcoin falls, driven by broad-based risk aversion and a stronger dollar, Trade Nation's David Morrison says in a note. The lack of any concrete progress at the end of President Trump's visit to China and the ongoing stalemate between the U.S. and Iran weigh on risk sentiment. The dollar is lifted by bets the Federal Reserve could raise interest rates following a batch of higher-than-expected U.S. prices data earlier this week. Meanwhile, the Clarity Act digital assets regulation bill cleared the Senate Banking Committee Thursday. "The legislation still faces several procedural hurdles, including a full Senate vote requiring bipartisan support before heading to House reconciliation and eventual presidential approval," Morrison says. Bitcoin falls 1.1% to $80,500, LSEG data show. (renae.dyer@wsj.com)
source: https://www.tradingview.com/news/DJN_DN20260515004792:0/
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