CPI Report Triggers Dollar Index (DXY) Drop, Sends ETH to $4,400 and BTC to $119.5K

The US Dollar Index (DXY) has fallen significantly this year, down about 10 points. This marks its sharpest six-month drop since 1991, which is often good news for Bitcoin and other cryptocurrencies since digital assets usually serve as a hedge against dollar depreciation. Today, DXY held steady near 98.5 ahead of key US CPI data […] The post CPI Report Triggers Dollar Index (DXY) Drop, Sends ETH to $4,400 and BTC to $119.5K appeared first on Coin Edition.