The US dollar index is nearing the upper limit of its breakout range, putting pressure on bitcoin:native. This development may continue the inverse correlation between the dollar index and bitcoin:native. bitcoin:native has weakened for the third consecutive trading day, hovering around $63,900, while the broader crypto market also faces pressure. The dollar index rose 0.26% to 100.66, extending its 0.8% gain from the previous trading day. If this structural breakout is confirmed, it could trigger further dollar strength, driven by trend-g funds. Historically, a stronger dollar has tended to dampen dollar-denominated risk assets, including bitcoin:native

USIDX-0.09%
BTC1.37%
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