Source: CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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Dollar Index Drops Below 100 for First Time Since April 2022

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Dollar Index Drops Below 100 for First Time Since April 2022

The Dollar index (DXY) has fallen below 100 for the first time since April 2022, a decline of over 10% from its recent high of 110. This marks the lowest level in three years.

  • Investor sentiment is shifting away from U.S. assets due to escalating trade tensions with China.
  • China has increased tariffs on U.S. goods from 84% to 125% amid the ongoing trade dispute.
  • Bitcoin remains resilient, trading above $81,000.

Original publication

Authors credited by the source: James Van Straten, Omkar Godbole

Published by Holder based on an external source.