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Cryptocurrency News Articles
Bitcoin Has Pushed Beyond $82,000 Following the 3-year Low of the U.S. Dollar Index (DXY)
Apr 11, 2025 at 10:32 pm
The economic instability brought by political disruption and global trade wars makes investors choose Bitcoin as a protective investment with potential profitability.
The U.S. Dollar Index (DXY) touched new lows of 99.97 as it fell briefly during the recent slide, levels last seen in 2022. Since Donald Trump returned to power, the dollar has dropped about 7%, and this economic downturn has brought up new issues of U.S. stability. The commentary highlights new trade battles and higher inflation rates as the causes of the market value decline, showcasing systemic worry across all financial domains.
Chart of the U.S. Dollar Index (DXY) by Immaculate, published on TradingView on April 11, 2025
The DXY exchanged hands briefly at 99.97 during its recent descent.
The DXY fell further during the recent slide, briefly touching new lows of 99.97, levels last seen in 2022. Since Donald Trump returned to power, the dollar has dropped about 7%, and this economic downturn has brought up new issues of U.S. stability, according to Economu.
The commentary from Economu highlighted new trade battles and higher inflation rates as the causes of the market value decline, showcasing systemic worry across all financial domains.
The expertise mentions that the U.S. 10-year Treasury yield has moved up more than usual compared to the DXY movement, and this shows an interesting factor in the price trends. This indicates that investors are adopting hedging practices, rendering Bitcoin beneficial when markets exhibit confusion. Additionally, the lack of alignment between conventional assets and the emerging crypto market makes Bitcoin an appealing choice as it operates without traditional market dependencies.
The Economu analysis concludes by stating that Bitcoin faces resistance potential unless the dollar stabilizes or inflation statistics deteriorate. However, many observers predict that BTC will initiate fresh upside momentum because worldwide economic conditions are deteriorating.
This installment of the "Bitcoin Today" series delves into the macroeconomic backdrop influencing the cryptocurrency markets and explores the implications of weaker dollar strength on Bitcoin's price performance.
Bitcoin continues its transition into becoming a factor of global financial systems, Economu noted. It functions now as more than an investment asset since it displays growing importance as a measure of macroeconomic conditions. The upward movement of BTC prices in times of declining fiat currency value provides evidence that cryptocurrencies act as viable value store options.
The Economu analysis highlighted that traders are watching for the $85,000 resistance levels after the cryptocurrency bounced back above the critical $80,000 support.
The commentary explained that the ongoing economic uncertainty and dollar weakness may enable the BTC price to rise significantly, establishing Bitcoin as a contemporary safeguard against market volatility.
The current financial narrative unfolds with the decline of the United States dollar while Bitcoin markets rally, Economu stated. Tradition keeps gold as the main safe haven, but Bitcoin is establishing new ground in the current market dynamics. The cryptocurrency market may sustain higher levels after this rally or encounter another price correction soon.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
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- Macroeconomist and investment strategist Lyn Alden revises her Bitcoin (BTC) price prediction to $80,000
- Apr 19, 2025 at 08:20 pm
- Macroeconomist and investment strategist Lyn Alden revised her Bitcoin price prediction for 2025. Despite geopolitical and economic challenges, she predicted high numbers for the BTC price. She maintains that Bitcoin will likely close the year above its current value of approximately $85,00.
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- Bitcoin (BTC) Withdrawals from Exchanges Point to Growing Investor Confidence
- Apr 19, 2025 at 08:15 pm
- According to recent data, more than 15,000 BTC have been withdrawn from exchanges over the past week. This points towards an increase in investor confidence as Bitcoin is moved out of exchanges into long-term storage instead of leaving it accessible on the exchanges.
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