US dollar index – DIGIT INFO

US dollar weakness, growing money supply could fuel Bitcoin 2025 rally

DIGIT — Wed, 27 Nov 2024 13:54:46 +0000

Bitcoin price rallied over 58% since May, when the M2 money supply turned positive year-over-year for the first time since November 2023.

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Analysts Suspect Banking Crisis Triggered ‘Resting Bull Market’ in Gold, Silver Could Print Much Higher Gains

DIGIT — Sat, 18 Mar 2023 18:30:13 +0000

At the start of the week, a troy ounce of .999 fine gold was trading at $1,813 per unit. Seven days later, gold rose 9.65% against the U.S. dollar to the current spot price of $1,988 per ounce. Gold’s rise comes at a time when confidence in the global banking system is at an all-time […]

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Investor Richard Mills Says Economy Is Rushing Into a ‘US Dollar Crisis of Epic Proportions’

DIGIT — Thu, 20 Oct 2022 16:30:10 +0000

While the U.S. dollar has been extremely robust in recent times, compared to a myriad of fiat currencies worldwide, a number of analysts and economists think the greenback will eventually falter in an inconceivable manner. The owner of aheadoftheherd.com, Richard Mills, published a comprehensive research post on Wednesday called “Walking Dead U.S. Dollar,” warning that […]

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USD Index Starts Inching Toward Highs Again, Société Générale Economists Say Rebound Towards 114.8 Peak ‘Is Not Ruled Out’

DIGIT — Sun, 09 Oct 2022 20:00:24 +0000

In 2022, the U.S. dollar has been very strong, despite the global economy’s downturn and the rising inflation worldwide. 12 days ago, the U.S. Dollar Index (DXY) rallied to a high of 114.8 and since then, the index has pulled pack and a recent analysis from economists at Société Générale notes that the index will […]

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All-time highs next? Bitcoin holds $62K as the Dollar index tumbles to 3-week lows

DIGIT — Tue, 19 Oct 2021 13:25:00 +0000

The U.S. dollar index reached its lowest levels in three weeks on Tuesday, triggering the Rising Wedge pattern.

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Bitcoin price eyes $50K as the US Dollar retreats after hitting its one-year high

DIGIT — Fri, 01 Oct 2021 08:12:34 +0000

Rising jobless claims in the U.S. sparked selloffs in the dollar market. On the other hand, Bitcoin held onto its intraday gains.

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Bitcoin’s sharp fall from $50K linked to stronger US dollar, gold correlation shows

DIGIT — Wed, 08 Sep 2021 12:45:15 +0000

The sell-off in the Bitcoin market, in particular, intensified due to excessively leveraged bullish bets.

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Bitcoin price clings to $38K, but Dollar Index bounce could put BTC under pressure

DIGIT — Wed, 04 Aug 2021 12:18:42 +0000

Bitcoin is in wait-and-see mode as the dollar trades near two-month lows on warnings that the Fed could continue its stimulus programs.

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$60K is now more likely for Bitcoin than $20K, Bloomberg’s senior strategist asserts

DIGIT — Fri, 23 Jul 2021 15:12:12 +0000

The analyst also treats the latest crypto ban in China as bullish for Bitcoin and the U.S. dollar.

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Big bullish pattern on US dollar index chart puts Bitcoin at risk of losing $30K

DIGIT — Fri, 16 Jul 2021 18:05:13 +0000

A strengthening dollar could be negative for pretty much every risk asset on board, including Bitcoin, whose value boomed against the dwindling greenback after March 2020.

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