Bitcoin News Today: DXY's Slide Unlocks Crypto Gains as Bitcoin's Dollar Inverse Takes Center Stage

The U.S. Dollar Index (DXY) fell below 99 on Nov. 13, 2025, marking a significant shift in global risk appetite as investors recalibrated positions following the end of the 43-day federal government shutdown. The decline, which accelerated after President Donald Trump signed a funding bill to reopen agencies, has reignited speculative flows into cryptocurrencies like Bitcoin and Ethereum, which have rebounded from recent lows. The move underscores a growing inverse correlation between the greenback and digital assets, with analysts positioning the DXY as a critical macro indicator for crypto markets.

Bitcoin (BTC) traded at $102,708 as of press time, up from a 43-day low of $100,836, while Ethereum (ETH) rose 2.36% to $3,533, reflecting renewed institutional and retail interest. The broader crypto market, with a capitalization of $3.57 trillion, saw mixed performance, with altcoins like XRP and Dogecoin surging over 7% but Solana and Hyperliquid slipping. On-chain data revealed increased accumulation by long-term holders, including over $1.3 billion in Ethereum whale purchases, signaling cautious optimism amid macroeconomic uncertainty.

The DXY's retreat to 99.15, its lowest since late October, has been driven by relief trading following the government's reopening and dimming prospects for a December Federal Reserve rate cut. Futures markets now price in a 54% chance of a 25-basis-point easing, down from 64% last week, as central bank officials remain divided on inflation risks. Analysts like Willy Woo argue that the DXY has replaced global M2 money supply as the key liquidity gauge for Bitcoin, with the pair's inverse relationship now showing strong MACD divergence. "A weaker dollar signals expanding liquidity and risk-on sentiment, which historically propels Bitcoin," Woo noted on X.

The government shutdown's resolution has also revived regulatory momentum in the crypto sector. Reopening of agencies like the SEC and CFTC is expected to fast-track ETF approvals and rulemaking, offering long-term clarity for market participants. Meanwhile, spot Bitcoin ETFs saw inflows resume, with macro funds and digital asset managers using recent volatility to rebuild positions. Institutional buyers, including MicroStrategy, have shown early signs of reengagement, though their market caps remain below July peaks.

Gold and equities also benefited from the risk-on rotation, with gold surging 2.25% to $4,100.20 and the S&P 500 gaining 0.89% reflecting renewed market confidence. However, Bitcoin's decoupling from the Nasdaq 100-its 30-day correlation fell to 0.64 from 0.73-highlights its evolving role as both a speculative and inflation-hedging asset.

Market participants now await delayed U.S. economic data, including October jobs and inflation reports, which could shape Fed policy and liquidity conditions. A sustained DXY decline below 98.5 could trigger further crypto gains, but analysts caution that structural risks, including inflation stickiness and geopolitical tensions, remain. For now, the DXY-Bitcoin dynamic appears to be the defining narrative of Q4 2025, with investors closely watching for signs of a broader macroeconomic pivot.