Bitcoin's Bull Case Strengthens as Dollar Index Slides, Nvidia Hits Record High Amid Recession Cues
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币界网报道：Bitcoin rebounded nearly 10% from weekend lows as the dollar index hit its weakest level since February 2022, with analysts citing bullish implications for BTC amid expectations of Fed rate cuts. The U.S. two-year Treasury yield fell to 3.76%, its lowest since May, while the 10Y-2Y spread widened—a potential recession signal. Meanwhile, Nvidia shares surged 4.33% to a record high, with BTC showing an 0.80 correlation to NVDA over 90 days. Consumer confidence dropped sharply, with the expectations index falling below recession thresholds. Traders now price in four basis points of Fed easing in July, up from near zero last week, with 60bps total cuts expected this year.
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