DXY Hits 2024 Low Post-‘Liberation Day’: Analysts Anticipate Bitcoin Surge

Amid the recent implementation of President Trump’s “Liberation Day” policies, the US Dollar Index (DXY) has plummeted to its lowest level since mid-October 2024. This signaled a turbulent time for the greenback. Despite the downturn, some analysts believe the weakening dollar could fuel short-term gains for Bitcoin (BTC). Could Bitcoin Benefit From a Weaker Dollar? The DXY, a key measure of the US dollar’s strength against a basket of major currencies, has been under pressure amid a combination of factors source: https://beincrypto.com/bitcoin-benefit-weak-dollar/