Directly relevant to crypto is the dollar index (DXY) – if it falls crypto should rally. Right now we are testing the peak of the 20 week cycle which is due to roll over with the next trough expected mid-November.
The second 80 day cycle in the set is due to trough at the same time. Price just flew out of the top of the
June channel on excessive momentum. To me, this looks like an exhaustion break and the preferred view is a failed attack higher then DXY falls over shortly.
US factory activity unexpectedly surged in March, sparking fears of rising inflation and derailing hopes of Federal Reserve rate cuts. Stock markets and cryptocurrencies tumbled as investors priced out the possibility of significant monetary easing this year.
While Bitcoin enjoyed a surprise rally at the start of this week, experts are scrutinizing whether this is a temporary blip or a sign of a comeback.
Bitcoin failed to break the $68k resistance level with a decline in capital inflows signaling a dip in buying pressure.
DOGE flashed bullish signals at a key price level with the potential to repeat a previous bullish run that could produce gains of up to 45%.
Though it reached a new high in March, experts surveyed by Blockhead are unsure if it will reach $100,000 this year due to volatility. However, they are bullish on Bitcoin in the long term, expecting it to hit $100,000 next year and $150,000 by the end of 2025.
Binance coverts all of its SAFU to USDC whilst making a return to India despite the country exiling leading exchanges
Dubai Airport advised travellers to avoid the airport but Token2049 left conference-goers "liquidated"
