{"id":16230,"date":"2025-03-05T09:47:17","date_gmt":"2025-03-05T09:47:17","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=16230"},"modified":"2025-03-05T09:47:17","modified_gmt":"2025-03-05T09:47:17","slug":"dollar-index-declines-below-105-as-bitcoin-surges-past-88k","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=16230","title":{"rendered":"Dollar Index Declines Below 105 as Bitcoin Surges Past $88K"},"content":{"rendered":"<div>\n<p>At the start of the year, <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/01\/02\/dollars-post-election-path-is-tracking-trumps-first-presidential-term-van-straten\" target=\"_blank\">CoinDesk research<\/a> indicated that the Dollar index (DXY) a measure of the U.S. dollar\u2019s strength against a basket of major trading partners was mirroring its trajectory from Donald Trump\u2019s first term as president.<\/p>\n<p>Between September 2024 and January 2025, coinciding with Trump\u2019s re-election, the DXY index climbed from 100 to 110. This current cycle, the index peaked at 110 in mid-January but has since dropped below 105 for the first time since mid-November. If the DXY were to fall to around 103, it would erase all its gains since Trump&#8217;s victory in November. <\/p>\n<p>Typically, a DXY index above 100 is considered strong, which tends to put pressure on risk assets. However, as the index dipped below 105, bitcoin (BTC) rose above $88,000. <\/p>\n<p>A similar pattern was observed in 2017 when the DXY fell from 103 to below 90, coinciding with bitcoin\u2019s bull run that year, that saw it top out at $20,000 in December. <\/p>\n<p>Despite this, macroeconomic uncertainty persists, with concerns surrounding <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/03\/05\/polymarket-bettors-warming-to-idea-of-canadian-tariff-reduction-after-lutnick-hint\" target=\"_blank\">tariffs<\/a>, inflation, and U.S. GDP growth. The economy appears to be slowing, and Friday\u2019s jobs report is expected to show a continuation of 4.0% unemployment rate.<\/p>\n<p>If the report comes in weaker than anticipated, <a href=\"https:\/\/www.coindesk.com\/markets\/2025\/03\/04\/crumbling-markets-have-sent-treasury-yields-plunging-offering-hope-for-crypto\" target=\"_blank\">treasury yields<\/a> could continue declining, increasing the likelihood that the Federal Reserve could consider a rate cut in its March meeting.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>At the start of the year, CoinDesk research indicated that the Dollar index (DXY) a measure of the U.S. dollar\u2019s strength against a basket of major trading partners was mirroring its trajectory from Donald Trump\u2019s first term as president. Between September 2024 and January 2025, coinciding with Trump\u2019s re-election, the DXY index climbed from 100 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-16230","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16230"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/16230\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}