James Van Straten highlights that the DXY index shows a robust USD, posing a threat to Bitcoin’s growth. Unlike previous cycles, the DXY index currently indicates sustained USD strength, impacting risky assets like Bitcoin.
BTC recently peaked at 108,300 USD before falling roughly 10%. The Federal Reserve’s policies Compound the challenges Bitcoin faces, making it difficult for its price to rebound amidst the strong dollar and rising interest rates.
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