Issue 157 – DXY to Lift Risk Assets in February?

January 31, 2022

We had some interesting developments from the DXY today that could hint at another surge from risk assets in February.

So today, I discuss what happened on the DXY, as well as updates on BTC and ETH.

I also provide updates on our three play-to-earn tokens, WEAPON, KORI, and KITTY as they’re all hinting at big moves in February.

Let’s get it!

US Dollar Index (DXY)

The DXY is selling off today and at risk of closing below the 97 support area. If it does, the recent breakout we saw from this area could turn out to be a false move.

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About the Author

I'm Justin Bennett, a currency trader turned crypto enthusiast.

My journey started with stocks in 2002. After limited success, I transitioned to currencies in 2007, which later became a full time trading gig.

The journey continued, and in 2020, I committed to learning about cryptocurrencies. It was love at first sight.

Cryptocademy.com is the culmination of my love for cryptocurrencies, my passion for financial markets, and desire to learn and teach.

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