Bitcoin Struggles Amid Dollar Weakness, JPMorgan Analysis Reveals

Despite a declining dollar boosting gold and hard assets, Bitcoin remains stagnant. JPMorgan explains why this cryptocurrency is lagging behind.

Recent trends show that the decline of the U.S. dollar has led to a surge in gold and other tangible assets; however, Bitcoin is not sharing in this upswing. According to analysis from JPMorgan, the cryptocurrency continues to be perceived as a risk asset sensitive to liquidity factors.