The US dollar has strengthened since Donald Trump's election victory in November 2020, with the DXY Index, which measures the dollar against major trading partners, showing no signs of tailing off. Trump's economic policies and actions by the Federal Reserve are expected to support the dollar's rally. However, despite a strong dollar being considered negative for risk assets, bitcoin has surged since Trump's election. Andre Dragosch, head of research in Europe at Bitwise, believes that while bitcoin may not continue its rally at the same pace, the macroeconomic conditions could be a headwind for the cryptocurrency.



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