Benzinga - A prominent macroeconomist forecasted better days for the cryptocurrency market on account of a weakening U.S. Dollar.
What happened: Henrik Zeberg, who's also one of the bigger names in crypto trading, took to social platform X to highlight the plunging U.S. Dollar Index, a relative measure of the dollar's strength against a basket of six foreign currencies, and yields on government-backed bonds.
He said that continued declines in the aforementioned metrics would lead to an "amazing environment" for cryptocurrencies in the last phase of the ongoing risk asset bull market.
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