Svmuu News: Bitcoin, often viewed as the “rival” to the U.S. Dollar Index (DXY), is facing sustained pressure, with the market watching closely as the DXY approaches a breakout above the upper boundary of its 13-month trading range. Data shows that Bitcoin has weakened for the third consecutive trading day, with its price hovering around $63,900, while the broader cryptocurrency market is also under widespread pressure.Meanwhile, the DXY rose 0.26% to 100.66, building on the previous trading day’s 0.8% gain, and is now approaching the threshold of a breakout from a key range. Analysts note that if this structural breakout is confirmed, it typically triggers trend-following capital to further drive up the dollar’s trajectory.Historical data shows that Bitcoin has a clear negative correlation with the U.S. Dollar Index; a stronger dollar typically exerts downward pressure on dollar-denominated risk assets. The market believes that Federal Reserve’s hawkish remarks have reinforced the case for dollar support and may further drive capital toward safe-haven and dollar-denominated assets. (CoinDesk)