Cathie Wood: US dollar could surge, pressuring bitcoin and gold
- —Wood says DXY is outdated; the Fed's broad index covers 26 countries
- —By the Fed index, the dollar is up 36% since 2008 and 44% above its average
- —DXY gained nearly 2% in September, its best month since June
- —Bitcoin rose 6.14% in September even as DXY climbed
Why it matters: A stronger dollar typically pressures bitcoin and gold; September's divergence may signal a shift in BTC's behavior.
Source: BeInCrypto UA