When King Dollar Decides To Flex Hard đ”
The US Dollar Index (DXY) just broke the 99 mark, and itâs definitely making the entire crypto market feel a little bit sweaty! đ
Following stronger-than-expected employment data, the USD is flexing its muscles, creating some short-term downward pressure on our favorite digital assets. đ
Economically speaking, thereâs often an inverse relationship at play: when the Greenback gains strength, "risk-on" assets like Bitcoin usually take a breather. đ§ââïž
Itâs a classic case of capital flowing back toward the safety of the world's reserve currency as investors adjust their expectations. đïž
Don't panicâvolatility is just a natural part of the economic cycle! đ
This is a great time to study how global macro trends influence the charts and stay patient. đđ