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The rebound of DXY has led to a tightening of global liquidity, putting downward pressure on risk assets such as BTC.
With the recent strength of the US dollar -- the US dollar index (DXY) rose to 101 dollars, the global liquidity situation is tightening, and risk assets like Bitcoin are under pressure.
Earlier this week, the world's largest cryptocurrency experienced a strong rebound, and BTC also reached a new high of over $126,000, but then it underwent a significant correction. Meanwhile, this morning, the price of BTC even dropped to as low as $102,000.
Market analyst Jamie Coutts poi
With the recent strength of the US dollar -- the US dollar index (DXY) rose to 101 dollars, the global liquidity situation is tightening, and risk assets like Bitcoin are under pressure.
Earlier this week, the world's largest cryptocurrency experienced a strong rebound, and BTC also reached a new high of over $126,000, but then it underwent a significant correction. Meanwhile, this morning, the price of BTC even dropped to as low as $102,000.
Market analyst Jamie Coutts poi
BTC-0.18%







