Bitcoin Dropped Below 90,000 Dollars, Dollar Level Decreased.

Bitcoin's Decline and the State of the Dollar

The United States dollar index (DXY) fell to its lowest level in seven weeks following the interest rate cut implemented by the Federal Reserve on Wednesday. This development has created significant effects on cryptocurrencies and financial markets.

showed an upward trend, while bond yields also decreased. However, Bitcoin, unaffected by this positive atmosphere, fell back below the $90,000 level after a brief rally.