Falling US dollar expected to boost crypto market in Q2, positive for crypto market.
From Cointelegraph
March 5, 2025 10:22:50 PM:
Real Vision CEO Raoul Pal predicts a crypto market boost in Q2 due to weakening US dollar. Bitcoin rises nearly 4% as greenback falls. US Treasury aims to reduce interest rates. Pal believes tech and crypto will thrive in Q2 and beyond as trends continue. Bitcoin trading at $91,860. DXY down 2.79%.
Pal emphasizes the US dollar’s impact on the crypto market, stating a weak dollar prompts investors to turn to crypto assets. DXY dropped 2.79% since Feb. 5. Bitcoin up 6% in the same period at $91,860. Analysts warn of negative impact on Bitcoin price if US dollar strengthens. Historical data supports bullish Bitcoin in weak DXY scenarios.
Read more at Cointelegraph: Falling US dollar is signaling a strong quarter for crypto: Raoul Pal
