Price analysis 5/22: SPX, DXY, BTC, ETH, BNB, XRP, ADA, DOGE, SOL, MATIC

Bitcoin’s tight-range trading suggests that traders are content to wait for a catalyst to start the next trending move.

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Winner Takes All: Bitcoin And DXY Compete For Global Financial Dominance

Bitcoin (BTC) and the U. S. Dollar Index (DXY) have been battling for supremacy in the financial world, with both assets vying for dominance in a zero-sum game. The recent volatility seen in the markets is a testament to the intensity of this battle.

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Bitcoin Stays Stagnant with Strengthened DXY Negative Correlation as US GDP Slows

Coinspeaker Bitcoin Stays Stagnant with Strengthened DXY Negative Correlation as US GDP Slows The US Commerce Department's recent shows that economic growth and GDP have slowed even as Bitcoin struggles to regain $30,000.

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Price analysis 4/24: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL

Bitcoin and select altcoins are at risk of falling below their respective support levels and starting a deeper correction.

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Why did bitcoin mining stocks end down on Monday?

Bitcoin mining stocks declined in line with the bitcoin price today. U. S. dollar strength pushed BTC under $30,000 again on Monday. DXY climbed today on the back of Empire State Manufacturing data.

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Price analysis 4/17: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL

Bitcoin and select altcoins are witnessing a pullback, indicating that traders may be booking profits and reducing risk.

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Crypto price predictions: Dogecoin, XRP, Casper Network

Cryptocurrency prices went nowhere this week as focus remained on the happenings in the United States, where data revealed that the economy was weakening. Bitcoin price remained in a consolidation phase even as the US dollar index (DXY) plunged.

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

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 short-term if the inverse correlation remains high.

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Bitcoin, DXY suffer the most following FOMC meeting

Quick Take BTC is down 4% since the Federal Reserve raised interest rates by 25bps DXY is now trading at 102. 5 Gold performed exceptionally well, extending its rally by 1% Powell said, “we no longer expect that ongoing rate increases will be appropriate”.

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Bitcoin holds just under $24k – DXY breaks 105 for the second time this year as PCE comes in hotter than expected

Quick Take February 24 saw an influx of macro data, which includes the PCE index, personal income, and consumer spending. The post Bitcoin holds just under $24k – DXY breaks 105 for the second time this year as PCE comes in hotter than expected appeared first on CryptoSlate.

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Price analysis 2/20: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL

Bitcoin’s tight consolidation near $25,000 suggests that bulls are holding on to their positions in anticipation of a breakout to a new 2023 high.

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Bitcoin And Crypto Face These Key Dates In The Week Ahead

Once again, this week will bring major macroeconomic data for the Bitcoin and crypto markets, which investors should pay attention to. While Bitcoin has steadily managed to break correlation with the S&P 500 and the Dollar Index (DXY) in recent weeks, it is likely that the Federal Reserve’s monetary policy will continue to have a strong […]

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Dollar (DXY) Reaches Inflection Point, Critical Level For Crypto Continuation

The almighty dollar and the once trending DXY is at an important inflection point, with the potential to cripple the blossoming bull market in Bitcoin and the rest of crypto, or propel it to new heights.

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Bitcoin price eyes $23K despite US dollar strength hitting 6-week high

The U.S. Dollar Index (DXY) is gaining ground more rapidly than Bitcoin after fresh economic data surprises from Washington.

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Price analysis 2/6: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT

The US dollar’s rise has put brakes on Bitcoin’s price recovery, but lower levels are likely to attract buyers for BTC and altcoins such as DOGE.

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DXY vs. Bitcoin/USD – a lead-lag analysis

DXY peaked at +20% in early October 2022 BTC/USD bottomed at -75% in late 2023 Lead-lag analysis suggests BTC/USD might see another +4% to close the gap For years, cryptocurrency investors have had one big wish – Bitcoin, and other cryptocurrencies, to gain institutional adoption.

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Price analysis 1/23: SPX, DXY, BTC, ETH, BNB, XRP, DOGE, ADA, MATIC, DOT

The rally in stocks could be giving Bitcoin price a boost, and the crypto market could see more fireworks if the Fed confirms investors' expectation that rate hikes will slow down.

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Bitcoin Currently More Stable Than Gold, DXY, Nasdaq, Here’s What Could Happen Next

Data shows Bitcoin has been more stable than gold, DXY, Nasdaq, and S&P 500 recently, here’s what history says could follow next. Bitcoin 5-Day Volatility Has Fallen Below That Of Gold, DXY, Nasdaq, And S&P 500 According to the latest weekly report from Arcane Research, BTC has been more stable than these assets for a record duration already this year.

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Why The Dollar Death Cross Is Bullish For Bitcoin

Today, the Dollar Currency Index saw a death cross on the daily timeframe. Bitcoin, as an asset trading against USD, is especially susceptible to strength or weakness in the greenback.  But what exactly happens when the dollar death crosses and what has this meant in the past for crypto? DXY Dollar Currency Index Suffers Ominous […]

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Bitcoin price prediction as the US dollar index plummets

Bitcoin price has been in a tight range in the past few weeks. Bitcoin’s fear and greed index has dropped to the fear level of 25. The US dollar index has plummeted to $103. Bitcoin price has held in a tight range even as the US dollar index (DXY) has plunged to the lowest level […] The post Bitcoin price prediction as the US dollar index plummets appeared first on CoinJournal.

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Bitcoin ditches $16K dip as ‘Leeroy Jenkins’ Bank of Japan flattens dollar

BTC price sees short-term relief as the DXY falls, but Bitcoin analysts warn that Japan's move means carnage for global markets.

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DXY bounces at major support, reducing Bitcoin’s chance at breaking the $17.2K resistance

The dollar index (DXY) found support at a key level, leading traders to question whether BTC will manage to flip $17,250 to support.

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Dollar Index (DXY) Parabolic Rise Breaks Down as US Inflation Declines

Because the U.S. dollar index negatively correlates with traditional stocks and the cryptocurrency market, Bitcoin has likely reached a bottom. The post Dollar Index (DXY) Parabolic Rise Breaks Down as US Inflation Declines appeared first on BeInCrypto.

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Bitcoin price gains $1K in minutes as CPI data deals DXY fresh 2% dip

Wild volatility continues for Bitcoin and altcoins as the lowest CPI readout since January pummels the dollar.

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Uptober: Bitcoin jumps 6% while DXY and gold post negative returns

After two consecutive red months, Bitcoin posted a 6% increase in October.

The post Uptober: Bitcoin jumps 6% while DXY and gold post negative returns appeared first on CryptoSlate.

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Weekly MacroSlate: Have U.S. treasury yields and the DXY topped for this cycle? Big miss for big tech as Bitcoin holds steady at $20k

The post Weekly MacroSlate: Have U.S. treasury yields and the DXY topped for this cycle? Big miss for big tech as Bitcoin holds steady at $20k appeared first on CryptoSlate.

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Price analysis 10/21: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, MATIC

The S&P 500 and Bitcoin bounced off their nearby support levels, indicating that the bulls have not given up and are possibly buying the dips.

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Price analysis 10/14: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, MATIC

Buyers could not build upon the strong recovery of Oct. 13, indicating that higher levels continue to attract selling in the U.S. equities markets and Bitcoin.

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Bitcoin still has $14K target, warns trader as DXY due ‘parabola’ break

A push higher for Bitcoin is likely to form the final fakeout before plumbing new multi-year lows, fresh analysis maintains.

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Global Markets and Bitcoin on Macro Support, All Eyes on DXY

Global markets and cryptocurrencies have been experiencing deep declines for months. The strong correlation of Bitcoin's price with traditional stock markets further exacerbates this trend. Dominating all of this is the parabolic rise of the U.

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Bitcoin Shows Resilience In Dollar-Driven Bloodbath | BTCUSD September 26, 2022

In this episode of NewsBTC’s daily technical analysis videos, we examine the recent resilience in Bitcoin compared to traditional assets like gold, oil, and the S&P 500. We also compare BTC to the DXY Dollar Currency Index and past crypto bear market bottoms.

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Weekly MacroSlate: Fed scores a hat-rick of 75bps hikes as currencies start to collapse worldwide against the DXY including Bitcoin

The post Weekly MacroSlate: Fed scores a hat-rick of 75bps hikes as currencies start to collapse worldwide against the DXY including Bitcoin appeared first on CryptoSlate.

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Bitcoin price prediction as the US dollar index (DXY) spikes

Bitcoin price came under intense pressure this week as the VIX and the US…

The post Bitcoin price prediction as the US dollar index (DXY) spikes appeared first on CoinJournal.

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Price analysis 9/23: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT

The strength of the U.S. dollar continues to negatively impact risk assets, but that did not prevent Bitcoin and select altcoins from staging a few strong rallies this week.

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The Dollar Is at a 20-Year High. That’s Bad News for Bitcoin

Bitcoin and the broader crypto market are struggling to stay above their June lows due to renewed strength from the dollar. BTC Down as DXY Rallies Bitcoin is battling against...

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Can Bitcoin Withstand Continued Dollar Strength? | BTCUSD September 22, 2022

In this episode of NewsBTC’s daily technical analysis videos, we examine yesterday’s perfected TD9 buy setup in Bitcoin and other potentially bullish signals.  We also compare BTC against the dollar using the DXY Dollar Currency Index.

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Data challenges the DXY correlation to Bitcoin rallies and corrections ‘thesis’

Analysts and traders strongly adhere to the “Bitcoin is inversely correlated to the strength of the U.S. dollar index” thesis, but a closer look at the data suggests otherwise.

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Price analysis 9/16: SPX, DXY, BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT

Equities markets are witnessing aggressive selling due to increasingly bearish macroeconomic factors, and this is adding sell pressure to Bitcoin and altcoin prices.

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Will Bitcoin’s rally sustain? DXY, SPX, GC and WTI could have the answer

BTC rallies above $21,000 as the US dollar index shows signs of cooling off, but is the wider crypto market beginning to reverse its bearish trend?

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WATCH: Bitcoin Versus DXY And The Dangerous TD9 Setup | Daily TA August 30, 2022

In this episode of NewsBTC’s all-new daily technical analysis videos, we are looking at the Bitcoin price monthly chart and the DXY Dollar Currency Index ahead of the monthly close. Take a look at the video below.

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Bitcoin price approaches potential springboard to $23K as DXY cools surge

With support and resistance inches from its spot price, BTC/USD has increasingly little room to consolidate.

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U.S. dollar index retreats from 20 year highs — But will DXY topping spark a Bitcoin recovery?

Strong euro and overbought readings could pressure the dollar further, showing signs of topping out — Bitcoin at risk of falling.

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U.S. Dollar Index (DXY) Reaches Long-Term Resistance

The U. S. Dollar Index, which has experienced rapid growth in recent weeks, has reached long-term resistance. Much depends on the DXY's further movements, not only in the broad financial sector, but also in the Bitcoin and cryptocurrency markets.

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Dollar Touches Trend Line That Brings The Best Bitcoin ROI

Bitcoin price is still in a short-term downtrend. Meanwhile, the dollar has gone completely parabolic in the face of Fed monetary policy tightening and record-setting inflation numbers. The spike in the DXY has reached the 103 level and at the same time touched a trend line that has in the past kicked off some of […]

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Timing A Dollar (DXY) Trend Reversal And Its Impact On Bitcoin

The DXY Dollar Currency Index is above the 100 level for the first time since the pandemic struck and lax monetary policy sent Bitcoin — and inflation rates — soaring.  When or will the trend weaken, and what might continued strength or sudden reversal mean for Bitcoin and the rest of crypto? Fed Rate Hike […]

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The Dollar (DXY) is Approaching Long-Term Resistance – How Will Bitcoin React?

In today's article, BeInCrypto takes a look at the US Dollar Index and its correlation to BTC. Since the beginning of Bitcoin's history, the two assets have mostly shown a negative correlation, which was clearly evident in the accelerated bull markets for BTC and subsequent declines.

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Bitcoin’s Correlation With The Tech-Heavy Nasdaq and S&P 500 Hits A Multi-Month Low

Meanwhile, the dollar is surging as the Fed turns hawkish, which is not a good look for Bitcoin as it historically has a negative correlation with the DXY index. The post Bitcoin’s Correlation With The Tech-Heavy Nasdaq and S&P 500 Hits A Multi-Month Low first appeared on BitcoinExchangeGuide.

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Inverse Signals: Why Bitcoin Weakness Is Attributed To Dollar Strength

Bitcoin price is currently on the ropes, potentially about to lose support at around $56,000. But could the recent weakness in the cryptocurrency market be more a factor of a strong dollar? TD Sequential Triggers Anti-Correlated Signals On BTCUSD, DXY Weeks ago, we posed the question if or not the Dollar Currency Index making new highs in 2021 was a dangerous situation for Bitcoin.

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Bitcoin could hike, despite its correlation with DXY playing spoilsport

The first week of November for Bitcoin was nowhere close to October’s first week gains of over 25%. While BTC is well above $65k now, the sideways movement that succeeded its last ATH left market paThe post Bitcoin could hike, despite its correlation with DXY playing spoilsport appeared first on AMBCrypto.

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