"When the Dollar Index is Falling, There is Hope for Bitcoin"

US Dollar at Three-Month Lows

US Dollar is trading at a three-month low and is just above a significant support line that dates back to the 2008 financial crisis. This situation is attracting investors' attention.

Precious Metals Rising

Investors' reactions to the dollar's weakness have unfolded as expected. Precious metals and other hard assets have shown a strong rise against the weakness of the dollar. However, Bitcoin and other cryptocurrencies continue to remain under pressure.