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Bitcoin gets 'highly favorable' cues as DXY sets 21-year weakness record

cryptoweekly by cryptoweekly
July 9, 2025
in bitcoin, News
0

Bitcoin maintaining its inverse correlation to the US dollar means big wins on the horizon as the dollar strength DXY index trails below key moving averages.

Key points:

The US Dollar Index (DXY) is below its yearly moving average and more than six points below its 200-day equivalent.

Bitcoin should stand to benefit from the trend thanks to its traditional inverse correlation to DXY.

Read more

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Recent Posts
  • Crypto groups back lawsuit against DOJ crackdown on open-source code
  • Bitcoin gets 'highly favorable' cues as DXY sets 21-year weakness record
  • South Korea plans to lift crypto venture business restrictions
  • Circle and OKX launch zero-fee USDC conversions to US dollar
  • OpenSea expands to mobile with Rally deal, eyes ‘onchain everything app’
  • New Zealand bans crypto ATMs in crackdown on criminal cash conversions
  • SharpLink Gaming pops 28% as Ethereum holdings surpass $533M

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