2 / 2 Relevant items tagged with #DXY

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Why is XRP price down today?

[Jul 24, 2023 10:43 AM] XRP price is down today like other top crypto assets, as traders anticipate a Federal Reserve rate hike this week.

Why Is Bitcoin Price Up Today?

[Jul 14, 2023 1:55 AM] The Bitcoin price tagged a new yearly high yesterday at $31,840, leaving market participants wondering about the driving forces behind this bullish momentum. The Power of Economic Indicators One of the crucial factors contributing to…

Bitcoin And Crypto Investors Must Monitor The DXY: 6x Rally Ahead?

[Jul 11, 2023 11:00 AM] The Bitcoin and crypto prices are influenced by a complex web of factors and intertwined indicators. One such influential force is the U.S. Dollar Index (DXY), which has gained prominence as a vital gauge for Bitcoin and crypto investors. Over the…

Bitcoin Back Above $28,000, But DXY Spoils Short-Term Outlook

[Apr 3, 2023 3:10 AM] The Bitcoin price plunged 2.2% at the beginning of the trading session in Asia, but managed to hold the important support at $27,700. However, a breakout of the US Dollar Index (DXY) could mean another pullback for the Bitcoin price in the…

Bitcoin Is Now Directly Correlated With The US Dollar

[Mar 17, 2023 8:30 AM] In the ongoing banking crisis in the United States, the US Dollar (USD) appears to correlate directly with Bitcoin. Bitcoin Positively Correlates With USD According to Kaiko, a digital assets market provider, Bitcoin, the most valuable…

Bitcoin Dips Below $24,000 Again As DXY Hits 7-Week High

[Feb 23, 2023 7:03 AM] The Bitcoin price has fallen back below the $24,000 level, while the US Dollar Index (DXY) has reached a seven-high. After BTC managed to defend the key support of $23,867 in the 1-day chart yesterday, the bulls now need to prove their strength…

Here’s Why The Bitcoin Price Rally Stalled For Now

[Jan 25, 2023 6:30 AM] The Bitcoin price rally has stalled for five days now. After BTC experienced a furious surge from $21,000 to $23,000 last Friday, the price is now in a consolidation phase. The reasons for this are diverse. As NewsBTC reported, Bitcoin’s…