Post #2498

DXY DOLLAR INDEX FALLS TO 3-YEAR LOW, DOWN 11% YTD In 2016 - 2017, DXY dropped from 104 to 92 and Bitcoin went parabolic, exploding from $400 to $20,000 In 2020, DXY fell to 89 level (15% drop) and Bitcoin rallied from $10K to $60K+ This year, from February 2025 to now, the DXY has dropped from 110 to 97 , marking an 11% decline. With strong chances of a rate cut in Q3, the dollar index could weaken even further. It’s not something like - Let’s see if this indicator works again or not. The reason is simple, Bitcoin is priced in USD. So when the dollar loses value, BTC’s price (in USD) tends to rise, even if its intrinsic value stays the same. All we can hope for now is that no new global issue pops up and ruins the momentum again.