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Home Blockchain

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

by wireopedia memeber
July 9, 2025
in Blockchain, Crypto, Crypto Market, Cryptocurrency, Finance, Investing, Market
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Bitcoin gets 'highly favorable' cues as DXY sets 21-year weakness record
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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.

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