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Bitcoin Uptrend Soon? Dollar Index Breakdown Sparks Optimism Among BTC Bulls
Published 11 months, 3 weeks ago
Description
The US dollar index (DXY) is experiencing one of its largest weekly declines since 2013, fuelling optimism for a potential rally among risk-on assets, including Bitcoin (BTC). The last time the DXY saw such a sharp pullback was during the height of the FTX fiasco in November 2022, which coincided with a Bitcoin bottom.