Bitcoin Price Erases FOMC Gains as US Dollar Surges on Q2 GDP Print

– Bitcoin’s price remains unaffected by the U.S. GDP report, which suggests that the cryptocurrency is becoming more resilient to traditional market factors.

– The DXY (U.S. Dollar Index) has reached a two-week high, which typically puts downward pressure on Bitcoin’s price.

– Despite these headwinds, Bitcoin continues to hold its ground and maintain its value.

In summary, Bitcoin has shown resilience in the face of traditional market factors such as the U.S. GDP report and the strengthening of the U.S. dollar. This suggests that the cryptocurrency is evolving and becoming less influenced by external forces.