📉 The Dollar Loses Strategic Ground: The DXY Hits Its Lowest Level Since February 2022
The U.S. dollar index (DXY), which measures the strength of the greenback against a basket of foreign currencies, has recorded a historic decline, hitting lows not seen since February 2022. This drop, although silent for many, is resonating strongly in global financial markets, including the crypto ecosystem.
Ray Dalio, founder of Bridgewater Associates, warned in 2023 that "the dollar faces a slow but steady erosion of its hegemony." Today, his words resonate with surgical precision. The combination of unstable interest rates, expansive fiscal policies, and geopolitical tensions have begun to erode confidence in the dollar.
📊 According to data from the U.S. Bureau of Economic Analysis, the recent weakening is linked to a slowdown in international demand for Treasury bonds, with countries like China and Saudi Arabia diversifying their reserves into non-dollarized assets.
But what does this drop in the DXY imply for cryptocurrencies?
For analysts like Lyn Alden, a recognized macroeconomic strategist, "a prolonged weakness of the dollar usually translates into a favorable environment for scarce and decentralized assets like Bitcoin." In fact, the inverse correlation between the DXY index and BTC has once again captured the attention of institutional investors.
🪙 In contexts like this, USD-backed stablecoins also face pressure. Will they continue to be a safe haven or lose credibility if the fiat backing erodes? Meanwhile, decentralized currencies like ETH, BNB, and XRP are starting to receive flows that were previously directed to the dollar.
🌐 As central banks around the world reconsider their monetary policies, crypto assets emerge not only as instruments of speculation but as serious financial alternatives in the face of a declining dollar.
