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<ul> 
 <li>Historic trends show an inverse relationship between DXY and crypto, particularly #XRP.</li> 
 <li>The US Dollar’s recent rejection at 106.952 might hint at a shift, though B Wave completion is still anticipated.</li> 
 <li>Should the weakening of DXY persist, the onset of the next massive crypto bull run might be slated for late 2023.</li> 
 <li>The interplay suggests that DXY’s rise might suppress crypto momentarily, but its eventual decline promises a crypto boom.</li> 
 <li>Predictions indicate a potential “Golden Era” for crypto between 2024 and 2026.</li> 
</ul> 
<p>When it comes to economic indicators and cryptocurrency, there exists a delicate dance that not many can interpret with accuracy. However, a close analysis of the Dollar Index (DXY) and its relationship with cryptocurrency bull runs provides valuable insights.</p> 
<p>History has shown us, especially during 2017-2018 and in 2021, that declines in the DXY have often preceded significant crypto bull runs. Case in point: the 2021 decline of DXY catalyzed #XRP’s impressive rally, soaring to a high of $1.966.</p> 
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   <p lang="en" dir="ltr">It's been a week since DAI is suspended <br>So First, <a href="https://twitter.com/hashtag/FreeDAI?src=hash&amp;ref_src=twsrc%5Etfw">#FreeDAI</a> <a href="https://twitter.com/digitalassetbuy?ref_src=twsrc%5Etfw">@DigitalAssetBuy</a> <a href="https://twitter.com/X?ref_src=twsrc%5Etfw">@X</a> <a href="https://twitter.com/Support?ref_src=twsrc%5Etfw">@Support</a><br><br>The Dollar Index and Crypto Bull Runs have a strong correlation. During 2017 and 2018, the drop in dxy started the Bull Runs for Crypto. Like them, 2021 gave us another one, which caused… <a href="https://t.co/oKzniq2tka">pic.twitter.com/oKzniq2tka</a></p>— Dark Defender (@DefendDark) <a href="https://twitter.com/DefendDark/status/1712170223531405607?ref_src=twsrc%5Etfw">October 11, 2023</a>
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<p>The recent rejection of the US Dollar from the 106.952 mark raises eyebrows. While we cannot confidently claim the B Wave has concluded, and a subsequent C Wave will follow, patterns suggest a possibility.</p> 
<p>If DXY continues on its weakening trajectory, historical data suggests that crypto enthusiasts might be on the brink of another bull run, potentially kicking off towards the end of 2023.</p> 
<p>The simple adage goes: when DXY rises, crypto falls and vice versa. This interplay indicates that DXY might momentarily rise towards the B Wave peak (around 112), slightly constricting the <a href="https://cryptonewsland.com/massive-liquidity-approaching-crypto/">crypto market</a>. However, this could be the calm before the storm. As DXY starts its C Wave, cryptocurrencies might witness a rally unlike any before.</p> 
<p>Analysts and enthusiasts are buzzing about the impending “Golden Era” of crypto. If patterns hold true, we’re looking at an unprecedented boom from 2024 to 2026, making it a period to keenly watch.</p> 
<h4 class="wp-block-heading" id="h-recommended-news">Recommended News :</h4> 
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 <li><a href="https://cryptonewsland.com/close-approach-to-bullish-golden-cross-signal-for-bitcoin/">Close Approach to Bullish ‘Golden Cross’ Signal for Bitcoin</a></li>
 <li><a href="https://cryptonewsland.com/a-crossroads-for-bitcoin-1day-golden-1week-death/">A CrossRoads for Bitcoin: 1Day Golden, 1Week Death</a></li>
 <li><a href="https://cryptonewsland.com/a-golden-month-for-chainlink-analyzing-links-prospective-rise/">A Golden Month for Chainlink? Analyzing LINK’s Prospective Rise</a></li>
 <li><a href="https://cryptonewsland.com/bitcoin-enters-technical-golden-cross-and-a-new-paradigm/">Bitcoin Enters Technical Golden Cross and a New Paradigm</a></li>
 <li><a href="https://cryptonewsland.com/waves-dominates-altcoin-race-with-100-weekly-surge/">WAVES Dominates Altcoin Race With 100%+ Weekly Surge</a></li>
</ul> 
<p>The post <a rel="nofollow" href="https://cryptonewsland.com/the-dollar-index-dxy-crypto-bull-runs-an-inverse-relationship-that-predicts-the-golden-era-of-crypto/">The Dollar Index (DXY) &amp; Crypto Bull Runs: An Inverse Relationship that Predicts the Golden Era of Crypto</a> appeared first on <a rel="nofollow" href="https://cryptonewsland.com">Crypto News Land</a>.</p>

The Dollar Index (DXY) & Crypto Bull Runs: An Inverse Relationship that Predicts the Golden Era of Crypto

Crypto News Land

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