Analysis: The US Dollar Index is nearing a breakout of its upper range, placing pressure on BTC, which may continue its negative correlation with the DXY
ChainCatcher news, according to CoinDesk, Bitcoin, which is seen as the “rival” to the US Dollar Index (DXY), is facing continued pressure as the market watches the US Dollar Index approach a breakout above the upper boundary of its 13-month-long consolidation range.
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