Turning Point For Bitcoin And Crypto? DXY At 5-Month High

Turning Point For Bitcoin And Crypto? DXY At 5-Month High

In a crucial development for the financial markets, the US Dollar Index (DXY) has surged to its highest level since March, marking a pivotal moment for Bitcoin and the broader crypto sector. The DXY, which gauges the Greenback’s performance against a basket of six major currencies, has extended its gains above the 104.000 mark in the past four day, reaching a five-month peak at 104.907. At press time, the DXY was trading at 104.773. From a technical standpoint, the DXY has exhibited a bullish bias, especially after surpassing the 200-day Moving Average (DMA) on Thursday last week.....


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