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The US Dollar Index (DXY) Returns Above 99, Reaching a Near 6-Week High
BlockBeats News, May 18th, according to market data, the US Dollar Index (DXY) has returned to above 99, hitting a nearly 6-week high, currently trading at 99.18.
It is worth noting that the last time the US Dollar Index was above 99 was back on April 8th when the price of Bitcoin was at a low of $71,000. This price level also marks the starting point of the current rally away from the bottoming range.
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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.
Long-term, Bitcoin is evolving from "digital gold" to a "cross-border value transmission protocol."
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
On-Chain Activity
3h ago
24H Important News
2026-11-12
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