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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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.

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Bitcoin price bounces at $50K amid 4-month highs for DXY

Federal Reserve Chair Jerome Powell hints that monetary stimulus could be withdrawn thanks to "substantial progress" in the U.S. economic recovery.

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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.

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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.

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