Bitcoin (BTC) traders are closely watching the DXY after it hit a 26-month HIGH. Analysts caution that a soaring DXY could cause financial strain, but institutional participation like BlackRock’s recent ETF launch boosts Bitcoin’s profile in traditional markets.
Economic indicators like PPI and CPI are likely to affect both Bitcoin and broader financial markets. Experts suggest that if the DXY reverses, it might provide upward momentum for Bitcoin, potentially elevating its price.
Leave a Reply