A measure of the U.S. dollar’s value relative to a basket of six major world currencies, indicating its overall strength.
Bitcoin surged above the $60,000 mark to kick off July, fueled by trader optimism for a relief rally and influenced by the US dollar's recent performance.
Bitcoin struggles to maintain its recovery near $2.26 trillion as a strengthening US Dollar Index (DXY) and renewed ETF outflows weigh on market sentiment, extinguishing recent rate-cut optimism.
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