Cointelegraph analyst and author Marcel Pechmann explains how the US Dollar Index (DXY) affects cryptocurrencies.
The Macro Markets Show, hosted by Marcel Pechmann, which airs every Friday at 12pm EST on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in an accessible way and focuses on the cause and effect of traditional financial events on a daily cryptographic basis. activity
In the inaugural episode of the show, airing today, Pechman discusses the impact of the US Dollar Index (DXY) on cryptocurrencies and how inflation-protected ETFs provide a better approximation of traditional market demand for fixed income.
Viewers will learn how a strong US dollar is not positive for the US, what an inverse relationship is and why analysts believe a strong DXY is inherently bearish for cryptocurrencies.
The analyst invited visitors to check out Treasury Inflation Protected Securities ETFs (TIPS), a government debt instrument that benefits from high inflation – hence a good indication of demand for riskier assets, including cryptocurrencies.
Marcel Explains Why 15 Billion Grayscale Bitcoin Trust (GBTC) Trades Under 630,000 Bitcoins
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The value held by the investment instrument. Some analysts argue that Bitcoin’s bullish streak simply won’t be sustainable until this indicator turns positive — an argument that Pechman denies.
At the conclusion of the first Macro Market Show, the analyst explained in simple terms what the US Federal Reserve is, how interest rate hikes affect the economy and ultimately the crypto market. This section is specifically designed for traders looking for a simple and direct relationship between complex macroeconomic events and their impact on the market.
If you are looking for exclusive and valuable content provided by leading analysts and crypto experts, subscribe to the Cointelegraph Markets & Research YouTube channel. Join us on Macro Markets every Friday at 12:00 ET.