The Dollar Is Having Its Best Month Since June, and Bitcoin Hasn't Blinked Yet
The US Dollar Index (DXY) is heading for its best month since June. The index has gained nearly 2% in September amid hawkish Federal Reserve signals. This tends to weigh on Bitcoin (BTC), yet the largest cryptocurrency has gained 6.14% this month. It now heads into October, historically its strongest month by median return. What The post The Dollar Is Having Its Best Month Since June, and Bitcoin Hasn't Blinked Yet appeared first on BeInCrypto.
Key Takeaways
- The US Dollar Index (DXY) is heading for its best month since June.
- The index has gained nearly 2% in September amid hawkish Federal Reserve signals.
- This tends to weigh on Bitcoin (BTC), yet the largest cryptocurrency has gained 6.14% this month.
Summary generated by IndiCrypto from BeInCrypto. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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