Wu Blockchain (@WuBlockchain): JPMorgan Private Bank notes that while the Dollar Index (DXY) has fallen 10% over the past year, Bitcoin has dropped 13% during the same period, faili…
Estimated coin impact
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- BTC-30Negative
JPMorgan Private Bank notes that while the Dollar Index (DXY) has fallen 10% over the past year, Bitcoin has dropped 13% during the same period, failing to rally as it historically has amidst dollar weakness. Analysts explained that the dollar's decline was primarily driven by short-term flows and sentiment rather than fundamental shifts in economic growth or monetary policy expectations. http://coindesk.com/markets/2026/01/29/weaker-dollar-fails-to-spur-bitcoin-gains-but-there-s-a-reason-for-that-jpmorgan-says