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Dollar Index Falls to Lowest Level in 3 Years, While BTC Remains Steady
China has increased tariffs on U.S. goods to a cumulative 125%, intensifying the trade war.
Updated Apr 11, 2025, 3:14 p.m. Published Apr 11, 2025, 9:27 a.m.
What to know:
- The DXY Index has dropped below levels seen at the same point during Trump’s first term.
- Market participants continue to move away from U.S. assets, causing the U.S. dollar to weaken amid escalating trade tensions with China.
- China has increased tariffs on U.S. goods to a cumulative 125%, intensifying the trade war.
The Dollar index (DXY), which measures the strength of the U.S. dollar against a basket of other currencies, has dropped below the 100 mark for the first time since April 2022.
In January, research from CoinDesk noted that the DXY index was mirroring the pattern seen during President Trump’s first term — and it now appears to have done just that. The index has fallen over 10% from its recent high of 110 and is now at its lowest level in three years.
STORY CONTINUES BELOW
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Investor sentiment continues to shift away from U.S. assets, putting further downward pressure on the dollar, as trade tensions between the U.S. and China intensify.
Just before press time, China announced an increase in tariffs on U.S. goods, raising the total levy to 125% from 84%, signaling a firm stance in the ongoing trade dispute.
Meanwhile, bitcoin , which has recently behaved as a low-beta asset compared to equities, remains resilient and continues to trade above $81,000.
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- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
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Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
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