๐จ US Dollar Hits 3-Year Low โ Bitcoin Eyes New All-Time Highs
๐ป As the U.S. Dollar Index (DXY) drops below 97, reaching its lowest level in 3 years, Bitcoin (BTC) is catching fresh momentum โ trading at $108,993 today, despite a slight 0.74% dip in the last 24 hours.
๐ Key Drivers:
โ DXY down 11% YTD amid Fedโs rate pause
โ Strength in jobs market keeps Fed cautious
โ Traders now look to Bitcoin as a macro hedge
๐ With the dollar weakening, Bitcoinโs appeal as a decentralized store of value is rising โ setting the stage for a potential rally toward new ATHs.
๐ This is more than just cryptoโitโs macro at play.
#Bitcoin #USDollar #DXY #MacroEconomics #CryptoMarkets
https://coingape.com/markets/bitcoin-price-targets-all-time-highs-as-us-dollar-index-falls-to-lowest-level-in-3-years/?utm_source=bnb&utm_medium=coingape