MultiversX Tracker is Live!

Bitcoin gets ‘highly favorable’ cues as DXY sets 21-year weakness record

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 7 Views

Bitcoin maintaining its inverse correlation to the US dollar means big wins on the horizon as the dollar strength DXY index trails below key moving averages.

Key points:

The US Dollar Index (DXY) is below its yearly moving average and more than six points below its 200-day equivalent.

Bitcoin should stand to benefit from the trend thanks to its traditional inverse correlation to DXY.

Read more


Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.



Comments