Macro Markets Ep 1 on Cointelegraph Markets & Research: Marcel Pechman explains the relationship between the U.S. Dollar Index (DXY) and the cryptocurrency market.
The show Macro Markets, hosted by Marcel Pechman, which airs every Friday at 12 pm ET on the Cointelegraph Markets & Research YouTube channel, explains complex concepts in layman’s terms and focuses on the cause and effect of traditional financial events on the day-to-day crypto activity.
Viewers will learn how a strong United States dollar is not necessarily positive for the U.S., what is an inverse correlation, and why analysts believe a more robust DXY is inherently bearish for cryptocurrencies. Marcel explains why the $15-billion Grayscale Bitcoin Trust trades on stock markets below the 630,000 Bitcoin value held by the investment vehicle. Some analysts claim that the Bitcoin bull run will be unsustainable only until this indicator flips positive — an argument that Pechman refutes.
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