hello dear Stay with us to keep you updated with the latest digital news. Thank you. Bitcoin will prosper if the US dollar index decreases.
Real Vision analyst Jamie Coutts says that the performance of the US dollar against other major currencies will affect the price of Bitcoin (BTC). The US dollar index (DXY), which measures the dollar's value against a basket of six major global currencies, trades in a range. According to Cutts, if DXY falls by around 3% from current levels, it could lead to a Bitcoin boom. A drop in DXY could boost Bitcoin by around 127%. Any dollar weakness is favorable for risky assets and holds the key to the Bitcoin cycle. $BTC #sanor016CommUNITY #Sanore016