Based on its negative correlation with crypto, EGRAG predicts that the autumn of DXY will ignite the markets, pushing crypto costs greater within the coming months. From the analyst’s projection, the surge in crypto costs might be final till Q3, 2023, when the markets might grow to be “ugly,” with the expectation of a “Black Swan” within the final quarter of 2023. The crypto market has been bullish because the start of 2023, respecting the adverse correlation between crypto and DXY.
Trending
- Axie Infinity, Optimism, and Aptos are expected to release significant tokens in October.
- Solana’s Total Value Locked Soars to Record High for 2023
- Canadian Bitcoin mining company Bitfarms reduces operations but increasing September’s mined BTC by 7.3%
- Sam Bankman-Fried will begin the biggest trial in cryptocurrency tomorrow.
- BitBoy Crypto’s Lamborghini and Mistress-Fueled Drama Lands It In Jail, As Investors Look to BTCS for Stability
- Potential Bitcoin Price Targets Predicted by AI for the Upcoming Bull Run
- Co-Founder of AirBit Club Gets 12-Year Prison Term for Crypto-Pyramid Scheme
- A Case of Alleged Cryptocurrency Fraud by the CFTC Targets Mosaic Exchange Limited
Analysts predict a DXY crash and a Bitcoin rally in the coming months.
