📢📢📢📢DXY broke a key level — is crypto getting the green light?
The Dollar Index (DXY) has fallen below the level of 98 for the first time in 3 years. Historically, anything above 100 puts pressure on risk assets and the crypto market. Anything below is fuel for growth.
Against the backdrop of declining inflation and increasing expectations for a rate cut by the Fed, markets are starting to price in a reversal of monetary policy.
And this is an excellent setup for crypto.