Dollar's Key Support Level at Risk, Crypto's Turnaround Hopes
Update: 2025-12-23
Description
The U.S. dollar index (DXY) is teetering near its lowest point in twenty twenty-five, following a post-election rally in November twenty twenty-four and a subsequent decline. Despite mixed market performance, with stocks, gold, silver, and copper reaching new highs, bitcoin and crypto have struggled in a bear market since October. The dollar is perched above a crucial support level from the 2008 financial crisis, which has held during July and September tests. The Feds potential rate cuts and contrasting bank policies could push the dollar below this level, potentially igniting a bitcoin and crypto rebound.
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