The US Dollar Index (DXY) has dropped to touch the 105 level, the first time since November last year.
BlockBeats News, March 5th, the US Dollar Index (DXY) dipped below the 105 level for the first time since November last year, with a intraday decline of 0.52%. (FXStreet)
The weakness before the halving continues to affect the price trend of the cryptocurrency market in the past two days, and Bitcoin is facing huge downward pressure.
Interpret the change of dollar, the macro variable of cryptocurrency price fluctuation, and grasp the trend of cryptocurrency market from the four-wheel drive.
The US Dollar Index and US stocks are expected to face further downward pressure, while Bitcoin and Gold will become the go-to safe haven assets for mainstream funding