Bitcoin bulls are betting the dollar will continue to weaken and Bitcoin will rebound again
Golden Finance reports that the recent correction in the U.S. dollar index (DXY) has led Bitcoin bulls to bet that the U.S. dollar will continue to weaken and that Bitcoin will rebound again. Although U.S. dollar bulls foresee the weakness in DXY, some banks are considering the divergence in interest rate expectations and the U.S. After the threat of tariffs, Société Générale and Scotiabank expect the dollar to remain strong amid divergent interest rate expectations.
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