Crypto Is On The Brink Of Explosion As 9-Year DXY Formation Returns

Crypto Is On The Brink Of Explosion As 9-Year DXY Formation Returns

An inverse correlation between the crypto market and the DXY has often helped to signal when a bull rally is on the horizon. One of the most notable instances of this happened 9 years ago, and since then, the formation has not returned, until now, signaling a massive price surge in October. DXY Readies To Clock 12th Consecutive Candles In an X (formerly Twitter) post, crypto analyst TheCryptoMann has revealed an important formation in the DXY. The DXY is the United States Dollar Index which measures the value of the dollar to other major (6) currencies around the world. Related Reading: 3....


Related News

Chainlink Creator Expects Mass Crypto Adoption To Send Market Cap To $10 Tril...

In a recent interview, Chainlink’s co-founder, Sergey Nazarov, said the collapse of the banking industry will drive crypto mass adoption. Chainlink’s Co-Founder Predicts Crypto And Blockchain Prospects Over The Next Decade Sergey Nazarov believes that the collapse of the banking industry will favor crypto adoption and growth in the next decade. Related Reading: Crypto Is On The Brink Of Explosion As 9-Year DXY Formation Returns Nazarov believes the crypto industry and its technological innovations might maintain the same slow growth pace. However, the industry player cited two....

Donald Trump Says Crypto Is ‘Very Dangerous’ — Warns of ‘Explosion Like We’ve...

Former U.S. President Donald Trump says that crypto is “a very dangerous thing.” Commenting on cryptocurrencies, he warned of “an explosion someday” that will “make the big tech explosion look like baby stuff.” He also talked about his new social media platform, Truth Social, and his wife’s non-fungible token (NFT) venture. Former US President Trump Warns of a Massive ‘Explosion,’ Stating that Crypto Is ‘Very Dangerous’ Donald Trump commented on cryptocurrency, his wife’s non-fungible token (NFT)....

Brink Awards Three Bitcoin Development Grants

Brink, a nonprofit focused on financial support and mentorship for Bitcoin developers, has announced three new grant recipients.

FTX Founder Sam Bankman-Fried Supports Bitcoin Development With A $450,000 Do...

Sam Bankman-Fried stunned the crypto community by investing a whopping $450,000 to support Bitcoin development. In addition, the entrepreneur is sponsoring a nonprofit organization that backs Bitcoin coders for 3 years with $150,000 per year. This nonprofit organization called Brink provides funds to the open-source community focusing on Bitcoin development. With the donation, Brink will […]

Gloria Zhao And Brink Are Set To Give Bitcoin Mempools An Upgrade

Bitcoin development nonprofit Brink has awarded its first fellowship to Gloria Zhao, who will work on package relay for Bitcoin mempools. The post Gloria Zhao And Brink Are Set To Give Bitcoin Mempools An Upgrade appeared first on Bitcoin Magazine.