The DXY index has experienced one of its most clear a week since 2013. The index measures the force of the US dollar against a basket of important currencies.
According to Bloomberg’s data from Global Macro Investor, the percentage of one week of the index has exceeded a negative movement of the standard deviation, a rare event that has only occurred three times in the history of Bitcoin (BTC).
These previous occurrences include November 2022, when Bitcoin reached its low cycle of $ 15,500 during the FTX collapse; March 2020, in the middle of the Covid 19 Pandemia, when Bitcoin briefly fell below $ 5,000; and the 2015 Bear Market, when Bitcoin quoted around $ 250. Each time the DXY index suffered a fall greater than a standard -4 deviation, it coincided with a Bitcoin fund, followed by significant price earnings.
In addition, Coindesk’s investigation emphasizes that the DXY index is currently decreasing at a faster rate than in the first mandate of President Trump, a period that aligned with the career of Bitcoin Bull 2017. A decrease in the DXY index tends to be favorable for risk assets, however, a DXY index above 100, is still strong, currently in 103.8.
