Dollar Weakness Boosting Crypto Prices, According to eToro Analyst by Cryptovest

Mati Greenspan, a senior market analyst at eToro, shared insights on how recent trends in the US dollar may have impacted the cryptocurrency market, contributing to the recent slight increase in values for most coins.

He noted that the dollar experienced a decline against several currencies, including the Turkish lira, South African rand, and Mexican peso, making other assets more appealing to investors.

“The crypto market appears to be benefiting from the dollar’s pullback. After a turbulent period over the past two weeks, the markets are experiencing a much-needed sense of calm after the significant drop on Tuesday,” he mentioned in an email.

The market seems to be rebounding…