US Dollar Index Plunges to 3-Year Low: What It Means for Bitcoin

The US Dollar Index (DXY), which measures the dollar’s value against a basket of foreign currencies, has dropped to a three-year low. The decline contrasts with gold’s performance, which hit an all-time high of $3,220 amid rising trade war tensions. Yet, DXY’s dip has sparked optimism among cryptocurrency investors. Many see the weakening dollar as a bullish signal for Bitcoin (BTC), which has recently shown signs of modest recovery source: https://beincrypto.com/dxy-index-fall-bitcoin-rally/