Weakening dollar signals? DXY drops to 98.89, and non-US currencies rise collectively

【Blockchain Rhythm】On January 13, the US dollar index experienced a significant correction, dropping below the key level to 98.89 in the short term, with a daily decline of nearly 20 points. Meanwhile, non-US currencies performed strongly — the euro against the dollar briefly broke through 20 points higher, the British pound against the dollar gained nearly 30 points, and the USD/JPY fell about 30 points in the short term. This wave of market movement reflects an increased bearish sentiment towards the US dollar. For traders, a weak dollar often boosts the attractiveness of risk assets, which may provide some support for the subsequent performance of the cryptocurrency market.