news 
Good News for BTC? US Dollar Weakness Accelerates as Experts Predict Bitcoin Parabolic Move
The recent weakness in the US dollar has sparked optimism among investors and experts alike, with some predicting a parabolic move in Bitcoin. The decline of the dollar index (DXY), which measures the greenback’s strength against a basket of currencies, has seen it slump nearly 12% since January, marking its worst performance in four decades.
Ted Labs co-founder Niels has observed that the dollar has “entered a free-fall mode,” sparking concerns about the global economy. The US government is also considering raising the debt limit by $5 trillion, which could further exacerbate the situation.
As the dollar continues to weaken, experts are sounding the alarm, warning investors to prepare for a potential surge in Bitcoin’s price. A correlation between the decline of the DXY and a subsequent rise in BTC has been observed in previous market cycles. In 2017, when the dollar fell by almost 15%, Bitcoin saw a massive bull run that culminated in an all-time high.
Similarly, during the period from March 2020 to mid-2021, the dollar’s 13% decline coincided with another significant surge in BTC and other cryptocurrencies. The potential for this correlation to play out again is being seen as a bullish sign by many market participants.
Justin Wu π (@hackapreneur) tweeted on June 29, “People keep sleeping on the $DXY → $BTC correlation till now Idk why peeps are not taking this seriously? But every time the dollar index breaks down Bitcoin sends hard. 2017: $DXY dumped → BTC went parabolic. 2021: Same story. 2025? Setting up exactly the same way…”
While it remains to be seen if history will repeat itself, one thing is certain – a weakening US dollar can have far-reaching consequences on the global economy and the cryptocurrency market.
Martin has been writing on cybersecurity and infotech for over two decades. He has previous trading experience and has been covering developments in the blockchain and cryptocurrency industry since 2017.
Source: cryptopotato.com
