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JOIN join coin in India for beginners ✌️【Portfolio】✌️Start with ₹500 and enjoy up to 100% returns monthly. Make your money work for you!Bitcoin's (BTC) negative correlation with the U.S.

dollar index (DXY) has broken in recent weeks, with the top cryptocurrency struggling to gather upside traction amid continued sell-off in the greenback.

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JOIN join coin in India for beginners ✌️【Portfolio】✌️₹500 to start, high returns to earn. Join now and watch your wealth increase!The index dropped below 100.00, hitting the lowest since April last year.Still,bitcoin tradedprimarily between $30,000 and $32,000, extending the multi-week consolidation, even as equities, including meme stocks, rallied."The negative relationship between DXY and BTC is likely to return, as gyrations in the dollar index influence global liquidity conditions, which in turn affect valuations in risk assets, including cryptocurrencies," according to Noelle Acheson, author of Crypto is Macro Now newsletter and former head of research at CoinDesk and Genesis.The dollar is a global reserve currency, playing anoutsized rolein global trade, international debt, and non-bank borrowing.

JOIN join coin in India for beginners ✌️【Portfolio】✌️Begin investing today with ₹500 and achieve reliable, high returns every month.When the greenback rallies, those with dollar borrowings face higher debt servicing costs and scale-back exposure to risk assets.

JOIN join coin in India for beginners ✌️【Portfolio】✌️Start with ₹500 and enjoy consistent, high returns with smart investment strategies.The weakening of the dollar has the opposite effect."The BTC-DXY relationship will be hard to shake for long, though.

It's not just that the U.S.

dollar is the denominator in the most-quoted pair for the crypto asset (and when the denominator goes down in value, the ratio goes up, all else being equal) – it's also that a weaker dollar boosts global liquidity by giving U.S.

dollar debt holders around the world more room to breathe," Acheson said in Monday's edition of the newsletter.The chart shows debt issued by firms in a currency other than that of their home country from early 2000 to 2022.

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