I took a look at the US dollar trend today, and it’s quite interesting. After Trump’s speech, the dollar index plummeted, and Bitcoin followed suit, pushing close to 73K now. This kind of inverse relationship is actually quite common; when the dollar is weak, cryptocurrencies tend to perform well.

But what’s interesting is that this market movement isn’t just limited to Bitcoin. The ETH/USD exchange rate has also been adjusting during this period, as the entire crypto market digests the impact of dollar devaluation. I checked the data, and weakening dollar indeed appears to be the main factor driving up the valuation of crypto assets.

From a trading perspective, the seesaw effect between the dollar and cryptocurrencies is quite evident. When the dollar is under pressure, investors seek other assets to hedge, and cryptocurrencies naturally become an option. The fluctuations in ETH/USD also reflect this, as the crypto market is re-pricing expectations of dollar devaluation.

Anyway, this dollar decline has given the crypto market plenty of room for imagination. In the short term, if the dollar continues to weaken, major coins like Bitcoin and Ethereum might have more upside. Of course, no one can say exactly how high they’ll go, but the correlation between ETH/USD and Bitcoin is worth keeping an eye on.