đ **Bitcoin and Financial Conditions: A Correlation to Watch!**
- The Chicago Fed's National Financial Conditions Index (NFCI) dropped to -0.56, the loosest since Bitcoin's 2021 peak.
- A negative NFCI value indicates looser financial conditions, often a tailwind for risky assets like Bitcoin.
- Bitcoin has doubled over the past year as financial conditions eased, suggesting potential for further gains.
- Historical trends show Bitcoin thrives in risk-on environments when financial conditions are loose.
- Other factors like the DXY index also play a role in Bitcoin's trajectory.
What do you think? Share your thoughts in the comments! đŹ