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The U.S. Dollar Index and why you should learn about it - $DXYCryptocurrencies could go on a bull run greater than last year and pass the trillion-dollar mark in terms of value, experts told CNBC, following a recent violent sell.Since these two drivers of the current spot price of Bitcoin vary against the dollar.
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Bitcoin is traded on a peer-to-peer basis with a distributed ledger called the Blockchain, and the Bitcoin exchange rate to the US Dollar and other major currencies is determined by supply and demand as with other global exchange rates.
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