🗣️ According to our social data, these are the top trending stories in crypto:💸 Dollar Drops, SPX Gains: The US Dollar Index (DXY) has fallen to its lowest level in four years, dropping below the critical 96 mark. This decline is boosting foreign earnings for S&P 500 companies and driving gains in precious metals like gold and silver. President Trump remains unconcerned, calling the dollar 'doing great,' while markets anticipate continued strength in equities and crypto. The dollar's weakness historically s ...

Core Insights - The US Dollar Index (DXY) has surpassed the 100 mark, its highest level since August, raising concerns about its impact on risk assets, including Bitcoin [1][2] - Analysts are divided on whether this is a short-term technical rebound or the start of a new liquidity-tightening cycle that could negatively affect the crypto market [1][4] DXY Performance - The DXY has surged past the 100 threshold, marking a significant recovery after a period of weakness since Q3 [2] - A golden cross pattern is forming on the daily chart of DXY, indicating a potential sustained bullish trend [3] Market Sentiment - The strengthening dollar is exerting psychological pressure on risk assets, including equities and cryptocurrencies [6] - The current DXY movement is seen as a critical test for the ongoing rally in the crypto market [4] BTC-DXY Correlation - Historically, Bitcoin has shown a negative correlation with the DXY; as the dollar strengthens, Bitcoin tends to decline [7] - From September onward, DXY rose from 98 to nearly 99.7, while Bitcoin dropped over 12% [8] Future Outlook - The 100 level on the DXY chart is critical; a rebound from this level previously led to Bitcoin reaching new all-time highs [9] - Bitcoin's next major movement is likely dependent on DXY's trajectory; a break above 101 could lead to bearish conditions for Bitcoin, while failure to hold the 100 zone might indicate a short-term relief rally for crypto markets [10]