Bitcoin’s Future in Doubt as DXY Plummets 2.75%

The US Dollar Index (DXY) has experienced a significant drop of 2.75%, plummeting to 17,225.54. This drastic decline raises concerns about capital flows from traditional markets to volatile crypto assets, especially Bitcoin (BTC), which is currently trading near $100K. Market analysts are divided on whether this decline signals a major shift in the market or a temporary correction. While some argue that it could trigger a bearish trend for BTC, others believe that history may repeat itself as we witness similar volatility patterns during key price levels.