US Dollar Index (DXY) Slips Below Key Level That Preceded Bitcoin Rallies in 2017 and 2020

The US Dollar Index (DXY) fell below 96 for the first time since early 2022, losing a 15-year support line that anchored dollar strength since 2011.  This key breakdown comes amid President Donald Trump’s latest remarks and a combination of macroeconomic factors. Notably, the DXY’s latest drop has fueled optimism for a Bitcoin (BTC) rally. The post US Dollar Index (DXY) Slips Below Key Level That Preceded Bitcoin Rallies in 2017 and 2020 appeared first on BeInCrypto.