MultiversX Tracker is Live!

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

The Cointelegraph β€‹

Cryptocoins News / The Cointelegraph β€‹ 6 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:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments