According to Michaël van de Poppe (@CryptoMichNL), the latest weekly candle on the US Dollar Index (DXY) confirms that the ongoing downtrend remains intact. Historically, a weakening DXY has correlated with strength in major cryptocurrencies like Bitcoin and Ethereum, as investors often seek alternative assets when the dollar declines (source: Michaël van de Poppe on Twitter, May 16, 2025). Traders should monitor DXY momentum closely, as further declines could provide bullish tailwinds for the crypto market, potentially supporting higher trading volumes and price action across digital assets.