Tuesday, May 20, 2025
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Bitcoin price slips under $27K, but data shows BTC whales counter trading DXY strength

As the summer season arrives, an unexpected heatwave is gripping financial marketsThis heat is coming in the form of the US Dollar (DXY) which has been on a remarkable uptrend since late April, reaching levels unseen since early March’s banking crisis when the dollar wrecking ball wreaked havoc on asset

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Bitcoin Stays Stagnant with Strengthened DXY Negative Correlation as US GDP Slows

The US Commerce Department’s recent shows that economic growth and GDP have slowed even as Bitcoin struggles to regain $30,000. The price of Bitcoin (BTC) has remained relatively stagnant for about a week as the US gross domestic product (GDP) is slowing. Currently trading at $28,870 according to CoinMarketCap data, BTC

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