Bitcoin price fails to go parabolic as the US Dollar Index (DXY) falls — Why?

Quick Summary:

Right now, financial conditions are easing – and fast.”While Bittel’s comments are highly bullish for Bitcoin’s price, the positive effects of past US dollar weakness took more than six months to materialize and, in some cases, even a couple of years, such as during the 2016-17 cycle.

Source: 21_XBTThe analyst briefly cites several reasons for Bitcoin’s recent price weakness, including “Tariffs, Doge, Yen carry trade, yields, DXY, growth scares,” but concludes that none of these factors alter Bitcoin’s long-term fundamentals, suggesting its price will eventually benefit.

Bitcoin gains from DXY weakness can take months or years to materializeJulien Bittel, the head of macro research at Global Macro Investor, pointed out that the recent drop in the US Dollar Index—from 107.6 on Feb.28 to 103.60 on March 7—has occurred only three times in the past twelve years.

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Article Details

Author / Journalist: Cointelegraph by Marcel Pechman

Category: Crypto

Markets: United States

Topics: Time Index March Months Positive Monetary (dxy) Price Bitcoin Bitcoin’s Dollar

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-17 @ 19:45:00 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Article Length: 693 words

Reading Time: 4 minutes read

Sentences: 28 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coin Telegraph

News ID: 27108678

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