Rising dollar index may pressure BTC, CoinDesk reports

CoinDesk reported that the Dollar Index (DXY), which tends to move inversely to Bitcoin, is attempting to break out of a 13-month trading range. The index is currently showing strong momentum, having risen to 100.80. According to the report, a confirmed breakout could fuel expectations for further gains in the dollar, potentially putting pressure on dollar-denominated assets like BTC.