DOLLAR INDEX(DXY) FALLS FOR THE FIRST TIME IN THREE YEARS!
The dollar index (DXY), a measure of the U.S. dollar’s strength against a basket of major global currencies, dropped below 98 for the first time since early 2022.
This move signals a shift in global currency markets and could create a favorable environment for risk assets, especially cryptocurrencies, like bitcoin🔥
In recent years, a DXY above 100 has typically reflected dollar dominance, often weighing on equities and digital assets.
Markets are expecting a 99.8 percent probability of a rate cut at the June Federal Reserve meeting, with the target range expected to drop to 4.25 to 4.50 percent.
@BrewingWealth
The dollar index (DXY), a measure of the U.S. dollar’s strength against a basket of major global currencies, dropped below 98 for the first time since early 2022.
This move signals a shift in global currency markets and could create a favorable environment for risk assets, especially cryptocurrencies, like bitcoin🔥
In recent years, a DXY above 100 has typically reflected dollar dominance, often weighing on equities and digital assets.
Markets are expecting a 99.8 percent probability of a rate cut at the June Federal Reserve meeting, with the target range expected to drop to 4.25 to 4.50 percent.
@BrewingWealth
BTC price dropped below 104K!
Liquidating longs from the market, Approx 906M Wipe out from the market.
@BrewingWealth
Liquidating longs from the market, Approx 906M Wipe out from the market.
@BrewingWealth
🇺🇸US PPI rises to 2.6%, lower than expectations, while Core PPI came in at 3.0% vs. 3.1% expected.
@BrewingWealth
@BrewingWealth
🚨🚨 Israeli Air Force conducted strike in Iran, Targeted the Iran’s nuclear sites.
War situation shows short term selling in the market!
@BrewingWealth
War situation shows short term selling in the market!
@BrewingWealth
📊 BlackRock has accumulated 3% of all Bitcoin, becoming one of the largest institutional holders.
@BrewingWealth
@BrewingWealth
🇭🇰Hong Kong to release its second digital asset policy statement this June, per Financial Secretary Paul Chan.
@BrewingWealth
@BrewingWealth
Ethereum is trading at a critical level as tensions in the Middle East escalate conflict between Israel and Iran.
If ETH can continue defending this zone, it may signal that bulls are ready to build momentum toward a new leg up, possibly triggering broader altcoin strength.
For the past five weeks, ETH has successfully defended the $2,500 region, forming a solid base of support.
If it continues this price action then the next stop for ETH will be at $4000.
Market sentiment is cautiously optimistic, with investors closely watching for any sign of breakdown or breakout.
@BrewingWealth
If ETH can continue defending this zone, it may signal that bulls are ready to build momentum toward a new leg up, possibly triggering broader altcoin strength.
For the past five weeks, ETH has successfully defended the $2,500 region, forming a solid base of support.
If it continues this price action then the next stop for ETH will be at $4000.
Market sentiment is cautiously optimistic, with investors closely watching for any sign of breakdown or breakout.
@BrewingWealth
🇺🇸 ETF FLOW:
A total of 12.71K $BTC and 192.76K $ETH were bought last week, June 9 to 13.
BTC ETFs saw $1.37B in net inflows.
ETH ETFs saw $528.20M in net inflows.
@BrewingWealth
A total of 12.71K $BTC and 192.76K $ETH were bought last week, June 9 to 13.
BTC ETFs saw $1.37B in net inflows.
ETH ETFs saw $528.20M in net inflows.
@BrewingWealth