🚨 THE DOLLAR IS SLIDING — COULD CRYPTO BENEFIT? 🇺🇸📉
The U.S. dollar just hit its lowest level since late May after July retail sales unexpectedly fell 0.6%, putting fresh pressure on the dollar and reducing expectations for further Fed tightening. �
Yahoo Finance +1
📉 DXY: around 99.6
₿ BTC: ~$62,970
⛓️ ETH: watching the broader risk-on move
A weaker dollar can be supportive for crypto, but it doesn't automatically mean BTC will pump. Liquidity, rates, risk appetite and macro data still matter.
👀 My view: Don't fight the trend—but don't chase the first green candle either. Let volume and price action confirm.
$BTC
$ETH
#Bitcoin #DXY #Dollar #Ethereum #CryptoRally
The U.S. dollar just hit its lowest level since late May after July retail sales unexpectedly fell 0.6%, putting fresh pressure on the dollar and reducing expectations for further Fed tightening. �
Yahoo Finance +1
📉 DXY: around 99.6
₿ BTC: ~$62,970
⛓️ ETH: watching the broader risk-on move
A weaker dollar can be supportive for crypto, but it doesn't automatically mean BTC will pump. Liquidity, rates, risk appetite and macro data still matter.
👀 My view: Don't fight the trend—but don't chase the first green candle either. Let volume and price action confirm.
$BTC
$ETH
#Bitcoin #DXY #Dollar #Ethereum #CryptoRally