DXY hits 3-year less than 99.25, BTC is steadfast as the US-China Trade Tussle worsens
The Dollar Index (DXY), which measures the US dollar strength against a basket of other currencies, has dropped below 100 marks at the first time since April 2022.
In January, the research from CoinDesk It is noted that the DXY index reflects the pattern seen in President Trump’s first term – and it appears that it has just been done. The index has fallen more than 10% from the recent high of 110 and is now at its lowest level in three years.
The investor’s sentiment continues to move to US properties, putting further downhill pressure on the dollar, as trading tensions intensify between the US and China.
Prior to pressing the time, China announced an increase of tariffs on US goods, raising a total debt to 125% from 84%, which signed a stable bearing on the ongoing trade dispute.
Meanwhile, Bitcoin (BTC), who has recently acted as a low-beta property compared to equality, remains resilient and continues to trade above $ 81,000.
