The dollar reached its lowest level in two weeks, today, Wednesday, as demand for safe assets receded, while investors were looking for an expected recovery from the "Covid-19 pandemic" this year, driven by a major financial and monetary stimulus.
Bitcoin settled at about $ 46,500, after reaching a new high of $ 48,216 overnight, after Tesla announced an investment of $ 1.5 billion in the leading cryptocurrency.
Patrick Hauser, broker at Crypto Broker, said the Tesla investment "does not completely rearrange the cards, but rather reinforces the idea that Bitcoin has its place in corporate vaults."
The rival virtual currency, Ethereum, which usually moves in conjunction with Bitcoin, hit a record high of $ 1,826 today before trading at $ 1,791.
In a letter confirming her appointment to the Senate, the new US Treasury Secretary, Janet Yellen, warned that virtual currencies "are mainly used to finance illegal activities" and are a source of "concern."
Optimism
The dollar, which is usually seen as a safe haven, fell against the main counterpart currencies, as risk appetite was supported by optimism about financial and monetary support and strong profits for companies and vaccines against the Coronavirus.
The dollar index fell to a low of 90.378 points today for the first time this month, reaching 90.398 in the latest trading, and is about to incur losses for the third session.
The dollar nearly settled at 104.58 yen, after falling to a low of 104.5 for the first time this month in the previous session.
The euro rose to $ 1.2126, boosting its gains for a third day, while the pound sterling returned to its highest level in 3 years at $ 1.3827 before trading at $ 1.3818.
"The economic outlook for the year, according to market consensus, looks positive. Sentiment and positions are the main drivers of the market at present," said Michael McCarthy, chief strategist at CMC Markets in Sydney, referring to the dollar's weakness.