Dollar Index Dips Below Key Level; Bitcoin Gains Traction

The US Dollar Index (DXY) recently dropped below the 100-mark, triggering a shift in investor sentiment towards alternative assets like Bitcoin. This move comes as fears of recession and escalating trade tensions between the US and China are creating uncertainty for investors. DXY’s sharp decline since 2023 signals potential for crypto market growth reminiscent of the 2023 rebound from the previous year’s bear market.

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