KingRogue

Macro analysis of the relationship btw Cryptocurrency mcap & DXY

CRYPTOCAP:TOTAL   Crypto Total Market Cap, $
As we can see in the chart above, DXY has reverse correlation to the Total market cap of Cryptocurrencies. The lower the DXY, The more money injected to Crypto.

DXY is in a critical level. If Dollar gains strength, That wouldn't be good sign for Crypto. But in my personal opinion, I think Dollar will lose strength from here.
Simply because of rapid money printing by the FED and the expected debt limit increase.

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