“The Dxy Index Has Now Droped to Its Lowest Level Since Mid-November.”, – WRITE: www.coindesk.com
Between September 2024 and January 2025, Coinciding with Trump’s Re-Election, The DXY INDEX CLIMBED FROM 100 TO 110. This Current Cycle, The Index Peked at 110 in Mid-January First Time Since Mid-November. If the dxy were to Fall to aroond 103, it would erase all itts since trump’s victory in november.
Typically, A Dxy Index Above 100 is Considired Strong, Which Tends to Put Pressure on Risk Assets. However, as the Index Dipped Below 105, Bitcoin (BTC) Rose Above $ 88,000.
A Similar Pattern Was Observed In 2017 WHEN The Dxy Fell From 103 to Below 90, Coinciding with Bitcoin’s Bull Run That Year, that Saw Its Top Out at $ 20,000 in December.
Despite this, Macroeconomic Uncertainty Perses, with Concerns Surrowing Tariffs, Inflation, and US GDP Growth. The Economy Appears to be Slowing, and Friday’s Jobs Report Is Expert To Show A Continuation of 4.0% Unemployment Rate.
If the report comes in weaker thanicipated, treasury yields coulds counterinue decling, increase of the Likelihood that the Federal Reserve Coulder A Rate Cut in ITS MARCH MEETING.
X Icon
