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I just noticed that the US dollar index has fallen below 98, which is the first time in nearly three years. To be honest, this still has some significance for the crypto market.
Usually, when the US dollar weakens, capital tends to flow more easily into high-risk assets, and cryptocurrencies are among them. So from this perspective, the decline in the dollar index might give the crypto space some breathing room.
Of course, the dollar index is just one of many factors, but if it continues to weaken, it will definitely be a positive for our investment environment. It's worth paying attention to the subsequent trend.