TechFlow News, March 5: According to CoinDesk, Bitcoin is currently approaching the critical resistance level of $74,000. Since the outbreak of the Middle East conflict, its cumulative gain has exceeded 10%. Notably, this rally occurred amid declining global equity market risk appetite and a simultaneous strengthening of the U.S. dollar. The U.S. Dollar Index (DXY) rose over 1% this week, hitting 99.68 on Wednesday—the highest level since November last year. Historically, Bitcoin has typically exhibited a negative correlation with the U.S. dollar; however, since Donald Trump’s victory in the 2024 election and his announcement of pro-crypto policies, the two have frequently moved in tandem.
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