US Dollar Index (DXY) Plunge Pushes Bitcoin to $115,000 as Fed Rate-Cut Speculation Heats Up

The U.S. Dollar Index (DXY) is sliding hard, dropping to around 98.50 after a disastrous jobs report and a political shake-up in Washington have traders convinced that Federal Reserve rate cuts are coming soon. The weak dollar has provided a direct boost to Bitcoin, which is now attempting to reclaim the key $115,000 level. The […] The post US Dollar Index (DXY) Plunge Pushes Bitcoin to $115,000 as Fed Rate-Cut Speculation Heats Up appeared first on Coin Edition.