Source: Cointelegraph/TradingViewAs Cointelegraph reported, long-term lows on DXY have historically sparked a delayed BTC price bull run.“Traditionally, DXY going down is very bullish for $BTC, we now have a massive bearish divergence for DXY, which may suggest it goes to 90,” popular crypto analyst Venturefounder observed in part of an X post on the topic this week.“Last 2 times this happened triggered a Bitcoin parabolic bullrun in final phase of the bullmarket (lasting 12 months).”US Dollar Index (DXY) vs.
That's great for Trump and his strategy,” he argued, referring to trade tariffs implemented by US President Donald Trump. “The only thing that needs to be resolved is the on-going Trade War, but the ingredients are building up.”Bitcoin gets key bullish dollar triggerAnother macro development failing to provide its standard risk-asset tailwind came in the form of multiyear lows in US dollar strength.
Source: BLSReacting, trading resource The Kobeissi Letter was among those noting the rapid pace at which US inflation appeared to be slowing.“We just saw the first month-over-month decline in PPI inflation, down -0.4%, since March 2024,” it told followers in part of a post on X. “Both CPI and PPI inflation are down SHARPLY.”S&P 500 4-hour chart.
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Author / Journalist: Cointelegraph by William Suberg
The story "Bitcoin holds $82K as US dollar falls to 3-year low and PPI inflation drops sharply" has 517 words across 19 sentences, which will take approximately 3 - 5 minutes for the average person to read.
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