Issue 73 – Why the US Dollar Matters for Crypto

September 16, 2021

Can the DXY (US dollar index) give us insight into where we are in the crypto market cycle?

I think it can.

In today’s issue, I’ll show you a monthly structure on the DXY that sheds some light on where Bitcoin and gang might be heading later this year.

I’ll also provide updates on BTC, ETH, LINK, and VET.

Let’s get to it!

Cryptocurrency’s Relationship to the US Dollar

There are two primary reasons the US dollar matters in the world of crypto.

1. It’s the dominant quote currency

BTCUSD, ETHUSD, etc., are the dominant pairings in the crypto market.

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Justin Bennett

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

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