Dollar Index Falls to Three-Year Low as BTC Shows Steady
James Van Straten, Omkar Godbole | Edited by Parikshit Mishra Updated April 11, 2025, 3:14 PM Published April 11, 2025, 9:27 AM
The dollar index (DXY), which gauges the strength of the U.S. dollar against a basket of other currencies, fell below 100 for the first time since April 2022.
In January, a CoinDesk study noted that the DXY index was mirroring a trend seen during President Trump’s first term, and that appears to be the case now. The index has fallen more than 10% from its recent high of 110 and is now at its lowest level in three years.
Investor sentiment continues to shift away from US assets, putting additional downward pressure on the dollar amid rising trade tensions between the US and China.
On the eve of the article’s publication, China announced higher tariffs on American goods, increasing the overall rate from 84% to 125%, signaling a tough stance in the ongoing trade conflict.
Meanwhile, Bitcoin (BTC), which has recently proven to be a low-volatility asset compared to stocks, remains resilient and continues to trade above $81,000.
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