Dollar Index Dips Below 98 for First Time in Three Years, Paving the Way for Crypto Surge
A weaker dollar raises hopes for risk assets as inflation begins to decline.
Recent in
A weaker dollar raises hopes for risk assets as inflation begins to decline.
As the Dollar index reaches its lowest point since 2022, Bitcoin remains resilient above $81,000 amidst escalating trade disputes.
The recent decline in the DXY Index could signal a crucial turning point for Bitcoin prices, historically linked to favorable market conditions.
The DXY index has decreased to its lowest point since mid-November, while Bitcoin prices create a significant upward trend.
As the U.S. elections approach, traders are betting on Bitcoin's potential to rise, despite its typical inverse relationship with the dollar index.
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