Bitcoin Retakes $67K, Dollar Index Rally Stalls as Beige Book Supports Fed Rate Cuts
The rally in the DXY stalled after the Beige Book report, paving the way for BTC recovery
Dollar Index
Bitcoin’s Latest Rally is Different as BTC Rises Alongside U.S. Dollar and Treasury Yields
Bitcoin has managed to chalk out a double-digit rally recently, ignoring the strength in the dollar index and Treasury yields.
Bitcoin Holds Above 200-Week Average as Dollar Index Rallies Most Since February
Analysts expect the U.S. dollar to continue gaining ground in the near-term, keeping risk assets under pressure.
Bitcoin, Ether Could Face Risks From Potential Short Squeeze in Dollar Index, QCP Capital Says
The U.S. dollar has been heavily shorted since early October in hopes for a so-called dovish Fed pivot and looks ripe for a short squeeze, a move higher driven by unwinding of bearish positions. Bitcoin tends to move in the opposite direction of the dollar.
Bitcoin, Ether See Bull Breather as Higher Bond Yields Support Dollar
We would consider taking some profits as the crypto market is showing exuberant signs.