
The US dollar index (DXY) rose above 100 to its highest level in over a year, creating a headwind for Bitcoin as it circled $64,000. Traders warned the DXY's inverse correlation with crypto could limit upside, with some eyeing a potential move toward 106. July seasonality may offer BTC price relief.
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Summary by ByteBrief
Analyst predicts 140% surge for battered crypto lender