🟡 The dollar is weakening, the euro is strengthening: what does this mean for crypto?
📉 The dollar index (DXY) has fallen below 100 points — the first time since 2022. Reasons:
• Escalation of trade tensions between the US and China
• Expectations of a Federal Reserve rate cut in the coming months
Against this backdrop, the euro has strengthened:
• Current EUR/USD exchange rate — 1.1386
• The Eurozone shows stability, inflation is decreasing
• The ECB may shift to a soft monetary policy
💥 What does this mean for crypto?
— The weakening of the dollar often pushes investors towards risky assets, including crypto
— The strengthening euro adds pressure on USD pairs, including $BTC and $ETH
We are monitoring global trends because macro factors also affect the charts 🟡
