What is the impact of the US Dollar Index (DXY) on cryptocurrencies? Look at macro markets
Marcel Pechman, analyst and writer at Cointelegraph, explains the impact of the US Dollar Index (DXY) on cryptocurrencies.
Cointelegraph YouTube Subscribe Own this piece of historyMacro Markets, hosted by Marcel Pechman, airing every Friday at 12 p.m. ET on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in simple terms and focuses on the cause and effect of financial events day-to-day traditional - day-to-day crypto activity.
In the inaugural episode of the show airing today, Pechman discusses the impact of the US Dollar Index (DXY) on cryptocurrencies and how the exchange-traded fund (ETF) of inflation-protected bonds provide a much better estimate of traditional markets' demand for fixed income.
Viewers will learn how a strong US dollar is not necessarily positive for the United States, what an inverse correlation is, and why analysts believe a stronger DXY is inherently bearish for cryptocurrencies.
Marcel Pechman, analyst and writer at Cointelegraph, explains the impact of the US Dollar Index (DXY) on cryptocurrencies.
Cointelegraph YouTube Subscribe Own this piece of historyMacro Markets, hosted by Marcel Pechman, airing every Friday at 12 p.m. ET on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in simple terms and focuses on the cause and effect of financial events day-to-day traditional - day-to-day crypto activity.
In the inaugural episode of the show airing today, Pechman discusses the impact of the US Dollar Index (DXY) on cryptocurrencies and how the exchange-traded fund (ETF) of inflation-protected bonds provide a much better estimate of traditional markets' demand for fixed income.
Viewers will learn how a strong US dollar is not necessarily positive for the United States, what an inverse correlation is, and why analysts believe a stronger DXY is inherently bearish for cryptocurrencies.
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