Dollar’s (DXY Index) Path Is Tracking Donald Trump’s First Presidential Term: Van Straten

Dollar’s (DXY Index) Path Is Tracking Donald Trump’s First Presidential Term: Van Straten

Since U.S. President-elect Donald Trump’s convincing election victory two months in the past, the greenback has strengthened greater than 3% in opposition to its friends, matching its trajectory after his earlier win in 2016.

Final time around the DXY Index, which measures the foreign money’s worth in opposition to a basket of the U.S.’ main buying and selling companions, peaked in December earlier than trailing off for the subsequent 12 months, coinciding with bitcoin’s (BTC) 2017 bull run.

It is attainable the story might be totally different this time round. The index has not proven indicators of tailing off, and Trump’s financial insurance policies and the Federal Reserve’s actions are more likely to underpin the buck’s rally.

US Greenback Index 2016-2017 vs 2024-2025 : (Investing.Com)

But, whereas a robust greenback is taken into account damaging for danger property, the incoming president has expressed his assist for bitcoin and the most important cryptocurrency has shot up since his election. That rally, which noticed it touching a number of file highs, could not proceed at fairly the identical tempo, in keeping with Andre Dragosch, Bitwise’s head of analysis in Europe. BTC is presently priced about 10% beneath the file of round $108,300 it hit in mid-December.

“The Fed is stuck between a rock and a hard place at the moment,” Dragosch stated in an interview over X. “Either risk a U.S. recession by doing too little, too late or risk a significant acceleration in inflation again.”

Trump has vowed to impose tariffs on main buying and selling companions, which has the potential to exacerbate world geopolitical uncertainty, fueling additional demand for the greenback, which is perceived as a haven throughout occasions of unrest.

We’re additionally seeing sturdy financial efficiency from the U.S. in contrast with different markets, with over 3% progress in gross home product (GDP) and higher-than-targeted inflation, which retains federal funds charges elevated and solely two interest-rate cuts forecast for 2025.

The Fed has “communicated to markets that they will do only two cuts in 2025 – significantly less than previously anticipated,” Dragosch stated. “That’s why the dollar has been appreciating, and yields have continued to move up. I think that’s what’s been weighing on BTC as well. Macro is a headwind right now.”

Supply hyperlink

author avatar
Crypto Dunia
bitcoin
Bitcoin (BTC) $ 108,489.07 0.55%
ethereum
Ethereum (ETH) $ 2,553.19 0.99%
tether
Tether (USDT) $ 1.00 0.00%
xrp
XRP (XRP) $ 2.27 0.06%
bnb
BNB (BNB) $ 660.14 0.44%
solana
Solana (SOL) $ 149.62 1.69%
usd-coin
USDC (USDC) $ 1.00 0.00%
tron
TRON (TRX) $ 0.286998 0.16%
dogecoin
Dogecoin (DOGE) $ 0.168808 2.47%
staked-ether
Lido Staked Ether (STETH) $ 2,553.08 0.99%
cardano
Cardano (ADA) $ 0.578039 1.79%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 108,327.02 0.52%
hyperliquid
Hyperliquid (HYPE) $ 37.88 5.06%
wrapped-steth
Wrapped stETH (WSTETH) $ 3,087.60 0.80%
sui
Sui (SUI) $ 2.88 1.49%
bitcoin-cash
Bitcoin Cash (BCH) $ 498.90 0.70%
chainlink
Chainlink (LINK) $ 13.34 2.01%
leo-token
LEO Token (LEO) $ 9.06 0.07%
stellar
Stellar (XLM) $ 0.250373 0.15%
avalanche-2
Avalanche (AVAX) $ 17.88 2.23%
usds
USDS (USDS) $ 1.00 0.01%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 0.20%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,735.45 0.99%
the-open-network
Toncoin (TON) $ 2.76 1.92%
weth
WETH (WETH) $ 2,553.69 0.99%
hedera-hashgraph
Hedera (HBAR) $ 0.156803 2.34%
litecoin
Litecoin (LTC) $ 86.60 1.50%
whitebit
WhiteBIT Coin (WBT) $ 45.04 0.56%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.01%
monero
Monero (XMR) $ 316.32 1.81%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 108,496.07 0.45%
ethena-usde
Ethena USDe (USDE) $ 1.00 0.01%
polkadot
Polkadot (DOT) $ 3.35 1.64%
bitget-token
Bitget Token (BGB) $ 4.30 2.84%
uniswap
Uniswap (UNI) $ 7.42 0.03%
aave
Aave (AAVE) $ 282.84 1.57%
pepe
Pepe (PEPE) $ 0.00001 2.05%
dai
Dai (DAI) $ 1.00 0.01%
pi-network
Pi Network (PI) $ 0.456822 2.28%
ethena-staked-usde
Ethena Staked USDe (SUSDE) $ 1.18 0.03%
okb
OKB (OKB) $ 48.02 1.09%
bittensor
Bittensor (TAO) $ 321.16 2.31%
blackrock-usd-institutional-digital-liquidity-fund
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00 0.00%
aptos
Aptos (APT) $ 4.39 1.78%
jito-staked-sol
Jito Staked SOL (JITOSOL) $ 181.86 1.75%
near
NEAR Protocol (NEAR) $ 2.14 2.18%
internet-computer
Internet Computer (ICP) $ 4.75 2.03%
crypto-com-chain
Cronos (CRO) $ 0.080718 0.97%
ethereum-classic
Ethereum Classic (ETC) $ 16.46 1.19%
ondo-finance
Ondo (ONDO) $ 0.781813 1.96%
susds
sUSDS (SUSDS) $ 1.06 0.02%
usd1-wlfi
USD1 (USD1) $ 1.00 0.06%
kaspa
Kaspa (KAS) $ 0.075157 3.35%
mantle
Mantle (MNT) $ 0.572305 0.37%
fasttoken
Fasttoken (FTN) $ 4.45 0.50%
gatechain-token
Gate (GT) $ 15.58 0.71%
cosmos
Cosmos Hub (ATOM) $ 4.03 1.31%
bonk
Bonk (BONK) $ 0.000023 4.93%
vechain
VeChain (VET) $ 0.020363 2.29%
fetch-ai
Artificial Superintelligence Alliance (FET) $ 0.667887 1.82%
official-trump
Official Trump (TRUMP) $ 8.48 2.17%
sky
Sky (SKY) $ 0.078904 0.43%
polygon-ecosystem-token
POL (ex-MATIC) (POL) $ 0.185512 0.38%
lombard-staked-btc
Lombard Staked BTC (LBTC) $ 108,282.01 0.57%
render-token
Render (RENDER) $ 3.15 2.46%
arbitrum
Arbitrum (ARB) $ 0.327636 2.89%
ethena
Ethena (ENA) $ 0.254801 4.27%
binance-peg-weth
Binance-Peg WETH (WETH) $ 2,553.62 0.97%
quant-network
Quant (QNT) $ 106.30 2.57%
filecoin
Filecoin (FIL) $ 2.26 2.06%
jupiter-perpetuals-liquidity-provider-token
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.48 0.75%
algorand
Algorand (ALGO) $ 0.174023 1.56%
worldcoin-wld
Worldcoin (WLD) $ 0.863509 3.17%
usdtb
USDtb (USDTB) $ 1.00 0.02%
first-digital-usd
First Digital USD (FDUSD) $ 0.998311 0.08%
kucoin-shares
KuCoin (KCS) $ 11.03 0.13%
binance-staked-sol
Binance Staked SOL (BNSOL) $ 158.44 1.72%
sei-network
Sei (SEI) $ 0.250938 6.05%
usdt0
USDT0 (USDT0) $ 1.00 0.04%
tokenize-xchange
Tokenize Xchange (TKX) $ 15.66 56.64%
jupiter-exchange-solana
Jupiter (JUP) $ 0.430673 3.89%
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 2,676.50 0.96%
nexo
NEXO (NEXO) $ 1.22 0.33%
rocket-pool-eth
Rocket Pool ETH (RETH) $ 2,909.32 0.91%
spx6900
SPX6900 (SPX) $ 1.27 7.25%
flare-networks
Flare (FLR) $ 0.015905 4.07%
celestia
Celestia (TIA) $ 1.56 7.07%
fartcoin
Fartcoin (FARTCOIN) $ 1.09 8.37%
polygon-bridged-usdt-polygon
Polygon Bridged USDT (Polygon) (USDT) $ 1.00 0.03%
xdce-crowd-sale
XDC Network (XDC) $ 0.065557 1.17%
injective-protocol
Injective (INJ) $ 10.39 2.41%
binance-bridged-usdc-bnb-smart-chain
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 1.00 0.10%
blockstack
Stacks (STX) $ 0.646908 2.07%
sonic-3
Sonic (S) $ 0.30539 2.48%
mantle-staked-ether
Mantle Staked Ether (METH) $ 2,725.80 1.08%
virtual-protocol
Virtuals Protocol (VIRTUAL) $ 1.47 5.30%
stakewise-v3-oseth
StakeWise Staked ETH (OSETH) $ 2,681.78 1.00%
syrupusdc
SyrupUSDC (SYRUPUSDC) $ 1.11 0.05%
pudgy-penguins
Pudgy Penguins (PENGU) $ 0.015089 0.79%
optimism
Optimism (OP) $ 0.535576 2.72%
Scroll to Top