The CEX.IO Power Tap Daily Quiz presents an engaging opportunity for users to refresh their knowledge in the cryptocurrency space. In this article, we will explore the questions and answers for the August 18, 2025, Quiz, as well as the importance of the dollar for Bitcoin prices.
Introduction to CEX.IO Power Tap Daily Quiz
The CEX.IO Quiz offers participants a chance to validate their knowledge on cryptocurrency topics daily. The platform provides active tasks allowing users to test their skills and earn rewards like tokens and bonuses.
Answers to the Questions for August 18, 2025
Today's Quiz questions cover the influence of the dollar on Bitcoin's price:
- A weak dollar often boosts Bitcoin prices as investors seek higher-return assets. - When the dollar starts to weaken, risk appetite returns, leading to increased demand for Bitcoin. - A strong dollar typically pulls capital away from cryptocurrencies, potentially lowering Bitcoin prices. - It is crucial for traders to watch the dollar’s strength, as it may help predict Bitcoin movements. - When the dollar strengthens, capital moves away from risky assets into safer havens like the dollar. - When investors favor the dollar, liquidity drains from the crypto markets. - A rise in the Dollar Index (DXY) is perceived as a safe haven signal during uncertainty.
Participation in CEX.IO Events
To participate in the CEX.IO Quiz, an account is required. Participants can engage in various games and answer questions based on watched video materials. Each task is timed, adding fun to the process. In addition, airdrop campaigns are organized on the Telegram channel where users can earn free tokens by completing simple tasks.
The CEX.IO Power Tap Daily Quiz not only provides an opportunity to test knowledge about cryptocurrencies but also offers rewards. Engaging in such events can enrich the experience and aid in understanding market dynamics.
