The Weakening US Dollar Could Spark a New Bull Run for Bitcoin, Say Glassnode Founders
The weakening strength of the US Dollar Index (DYX) could be the catalyst for a new bull run for Bitcoin (BTC), according to Glassnode founders Jan Happel and Yann Allemann. Sharing the information via X, the founder pointed to the DXY chart, which measures the strength of the US dollar against other major foreign currencies. […]
Strong US Job Growth Accelerates USD/JPY Recovery and Boosts Dollar
US Dollar Strengthens as Non-Farm Payrolls Beat Expectations The US dollar saw gains on Friday (8th) following the release of the latest non-farm payrolls data, which showed strong job growth in November and a decrease in the unemployment rate. This positive news boosted the USD/JPY pair, with the Yen weakening and moving back below 144. […]
US Dollar Records Second-Biggest Weekly Drop as Yen Rebounds and Euro Rises
US Dollar Closes Lower, Yen Rebounds In late New York trading on Friday (17th), the US dollar closed lower, recording its second-biggest weekly drop this week. The ICE US Dollar Index (DXY), which tracks the US dollar against six major currencies, fell 0.49% to 103.85. Market Movement DXY fell nearly 1.8% this week, its biggest […]
