๐Ÿšจ US Dollar Hits 3-Year Low โ€” Bitcoin Eyes New All-Time Highs

๐Ÿ”ป 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.

๐Ÿ”Ž Key Drivers:

โœ… DXY down 11% YTD amid Fedโ€™s rate pause

โœ… Strength in jobs market keeps Fed cautious

โœ… Traders now look to Bitcoin as a macro hedge

๐Ÿ“Š With the dollar weakening, Bitcoinโ€™s appeal as a decentralized store of value is rising โ€” setting the stage for a potential rally toward new ATHs.

๐ŸŒ This is more than just cryptoโ€”itโ€™s 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