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.

195 +

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.

254 +

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 […]

235 +

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.

156 +

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.

59 +

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.

105 +

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.

131 +

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.

84 +

U.S. Dollar (DXY) Crashing Crypto Market Once Again: Crypto Market Review, October 21

United States Dollar is causing enormous pressure on cryptocurrency market once again

172 +

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.

350 +

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.

171 +

How Long Will U.S. Dollar Index (DXY) Continue to Rise?

The US Dollar Index (DXY) continues its parabolic rise. While it increased by 3% this week, commentators are asking when and at what level the dominance of the US currency will end. The strong dollar translates into a weak performance of other global currencies, traditional markets and cryptocurrencies.

170 +

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.

180 +

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...

154 +

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.

209 +

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.

214 +

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?

73 +

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.

204 +

Has the U.S. Dollar Index (DXY) Completed Its Uptrend?

After months of upward movement, the U. S. dollar index (DXY) may have peaked and initiated a downtrend. In early August, the DXY broke down from its long-term, exponential upward curve, while yesterday it lost another support line that extends to March 2022.

152 +

US Dollar Reaches Parity with Euro as DXY Breaks Through Resistance

The U.S. dollar appears to be the biggest beneficiary of global financial instability, pervasive inflation, the war in Ukraine and the coming recession. The post US Dollar Reaches Parity with Euro as DXY Breaks Through Resistance appeared first on BeInCrypto.

126 +

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.

82 +

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.

150 +

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 […]

217 +

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 […]

244 +

The Dollar Strength Index Crosses 100

105 +

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.

127 +

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.

255 +

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.

284 +

The Dollar Strength Index Rises to a Yearly High

105 +

US Dollar Drops to a Three-Year Low, Greenback Could Dip 10% Lower, Fed Still Not Ready to Taper QE

America’s currency has been flirting with lows again, as the U.S. Dollar Index (DXY) dropped to a low of 89 on Tuesday and the following Thursday. This is the third time since April 2018, the DXY has been this weak, and some analysts think the currency could drop even lower. US Dollar ‘Is a Bit […]

213 +

215k Bitcoin moved to ‘HODL’ wallets as asset recovers to $53,000

Bitcoin markets fell over -7% in the past day amidst a broader fallout in crypto markets and a surge in the Dollar Index (DXY), data from multiple sources shows. The post 215k Bitcoin moved to ‘HODL’ wallets as asset recovers to $53,000 appeared first on CryptoSlate.

220 +

Pro traders avoid Bitcoin longs while cautiously watching DXY strengthen

Large corporations are buying Bitcoin at an accelerating pace, but pro traders are reluctant to open BTC longs while the dollar index strengthens.

104 +

Stocks slide as dollar hits 4-month highs: Why Bitcoin price is slumping below $50K

Bitcoin is slumping as the DXY breaks out and the U.S. stock market tanks.

157 +

How The Dollar (DXY) Is Responsible For Bitcoin Rejection Under $14,000

Bitcoin has been explosive for the past few weeks now, revisiting highs from 2019. But before the leading cryptocurrency by market cap could set a higher high and confirm a bull market, the dollar’s recovery might have gotten in the way.

215 +

A Lifelong US Dollar Downtrend Paints Bullish Outlook for Bitcoin

The US dollar is on track for its most significant monthly performance since July 2019. But it continues to feel the pressure from its all-time bearish outlook. Why? A monthly chart of the US dollar index (DXY), a barometer to gauge its performance against a basket of top foreign currencies, shows the greenback in a lifelong downtrend.

310 +

Bitcoin price hits 1-week low as US dollar currency index aims higher

Renewed bullish behavior in DXY spells trouble for inversely correlated BTC/USD, underscoring the relationship between the two indices.

256 +

BTC Surge: Visa Executive Makes New Case for Bull Run

Coinspeaker BTC Surge: Visa Executive Makes New Case for Bull RunThere is a potential for a new Bitcoin price run as the U. S. dollar currency index (DXY) has dipped to a new low of 92.

218 +

Goldman Sachs Questions Dollar’s Reserve Status; Why Bitcoin Is The Answer

This week, the Dollar Currency Index (DXY) tanked, letting other currencies and assets like Bitcoin (BTCUSD) thrive against the typically dominant market force. The recent fall has prompted Goldman Sachs to question the dollar’s global reserve reign.

197 +