DXY Decline Could Boost Cryptocurrency Market

CyrilXBT posted on X. The Dollar Index (DXY) has recently lost its support level, leading to a decline. This development is seen as a potential tailwind for the cryptocurrency market, particularly benefiting Ethereum (ETH) and alternative cryptocurrencies (alts). Historically, a weak DXY often precedes positive movements in the crypto market before prices react. source: https://www.binance.com/en/square/post/35632156290218?utm_source=BinanceNewsRSS