2026-01-02 18:20:26

The US dollar is experiencing a critical turning point. By the end of 2025, the US Dollar Index dropped to 98.055, reaching a three-month low, with the full-year decline potentially marking the largest since 2017. Meanwhile, offshore RMB broke through the 7 threshold, rising to 6.9963. What does this reflect?

From the Federal Reserve's policy perspective, three rate cuts have been completed in 2025, with the current interest rate range at 3.5%-3.75%. The market generally expects another rate cut in 2026, indicating that the attractiveness of the dollar is continuously waning. Coupled with slowing US economic growth, easing inflation pressures, but still high fiscal deficits, the momentum for capital outflows is strengthening.

More notably, the global trend of "de-dollarization" is gaining momentum. The euro and Australian dollar performed strongly, with the AUD rising about 8% over the past year, as large amounts of capital flow into non-US assets. This is not just currency market volatility but also reflects a shift in global capital allocation strategies.

Looking ahead to 2026, institutions like Mitsubishi UFJ Financial Group forecast that the dollar may decline by about 5%, while the RMB could enter the "6s" era. In this process, gold and cryptocurrencies ($BTC $ETH $ZEC, etc.) as hedging tools are becoming increasingly attractive. Gold prices could even surge to levels around $5,000 per ounce.

For investors holding cryptocurrencies, the dollar depreciation cycle may bring structural opportunities, but caution is also needed regarding exchange rate volatility risks. In any case, the market logic during this period has shifted from purely technical analysis to macroeconomic considerations, warranting close attention.

BTC1,97%

ETH4,17%

ZEC-6,89%

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GateUser-addcaaf7

· 8h ago

The US dollar plummets while the RMB appreciates. Is the de-dollarization wave really here? BTC and gold are about to take off? --- Cut interest rates again and again. The Federal Reserve is self-destructing. Funds are all rushing into cryptocurrencies. --- RMB in the 6s is not a dream. Looking forward to next year's market, now is the time to accumulate coins. --- Australian dollar up 8%, euro strong. The world is dumping the US dollar, this is the real big cycle shift. --- Gold at $5000? How will Bitcoin be valued then? The hedging properties of crypto assets are becoming more attractive. --- Fiscal deficits are soaring every day. How long can the US dollar hold up? Getting into crypto early is the wise move. --- Shifting from technical analysis to macro perspective, this wave of market is driven by fundamentals. The risks are high, but so are the opportunities. --- On the eve of RMB entering the 6s, the arbitrage space in exchange rates is quite tempting. --- De-dollarization is underway. Holders of coins are probably the happiest now. Those who laid out early are making huge profits. --- The Federal Reserve will continue to cut rates. This pace is unstoppable. Forget about shorting the dollar.

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LiquidatedThrice

· 8h ago

The recent drop of the US dollar is truly remarkable, directly lifting BTC and ETH. De-dollarization has long been overdue; those only reacting now are really late to the game. RMB in the 6s? Definitely, it all depends on who can catch this wave of benefits. The Federal Reserve continues to flood the market, and our hedging tools are becoming more valuable. Gold at 5000? Crazy, but not impossible. With rate cuts and capital outflows happening again, it feels like the trend has truly arrived. Macro factors are leading this wave, technical analysis needs to step aside. I'm waiting for the RMB in the 6s; my portfolio will need rebalancing then. The US dollar bear market is underway, and it's time for crypto assets to shine. The wave of de-dollarization is really coming hard this time.

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OnchainGossiper

· 8h ago

Decoupling from the US dollar is really happening, right? BTC and ETH should be taking off now? The RMB hitting the 6s is coming soon, so I need to rethink my stablecoin strategy. The US dollar has been dying over the past three years; gold at $5000 is not just a dream anymore. The rate cut wave is here, everyone. Is the spring of crypto assets just around the corner? With such large exchange rate fluctuations, it's better not to leverage; just hold your coins honestly. Dollar depreciation and gold rising—I just want to ask one thing—why does no one mention mining coins? Decoupling from the US dollar is on the fast lane now, but who can guarantee there won't be a sharp drop in the short term? An 8% rise in the Australian dollar, more stable than my crypto returns... this is awkward. Is RMB appreciation good for the crypto market? I’m a bit confused, everyone. The Federal Reserve still plans to cut interest rates; is the death of the dollar really imminent? With this macro shift in logic, does technical analysis still matter, or should we just look at the overall trend? When the 6s come, the RMB really becomes strong; the entire Asian asset allocation will have to change.

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0xInsomnia

· 8h ago

The US dollar is really going to end this time, but can gold and BTC hold up? --- De-dollarization is here, I saw it coming a long time ago. --- RMB in the 6s? I bet this will happen within the year. --- Capital outflows are our opportunity, should we go all in? --- Interest rate cuts will continue; the dollar is really falling apart. --- The Australian dollar has risen 8%, why is no one paying attention? --- Be careful with this wave of exchange rate fluctuations, don’t get cut. --- Gold at 5000? Let’s see if it can break 4000 first. --- The macro reversal makes all the tech indicators useless. --- Offshore RMB has broken 7, is the market still just messing around? --- BTC really has a chance this time; during the dollar’s decline, this is what people love to speculate on. --- De-dollarization is no longer a new topic; it all depends on who takes over. --- With such a high fiscal deficit and still cutting interest rates, the Federal Reserve is really panicking.

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SquidTeacher

· 8h ago

The de-dollarization wave is really here, finally no more hype I said BTC is about to take off, now there's a reason The six-digit RMB is not far away, friends exchanging currency, hurry up The Federal Reserve still plans to cut interest rates, the dollar continues to plunge, there's nothing we can do Gold at $5000? That's a bit aggressive, let's wait and see Capital outflows are the key, this logic makes sense Crypto assets this round are truly a macro play, don't just look at the K-line The AUD has risen 8%, indicating that global asset allocation is indeed adjusting Exchange rate fluctuation risks are not small, even seasoned traders understand The era of dollar dominance is indeed loosening, have you felt it? Those who accumulated BTC early are making a killing, I ask you, do you regret or not?

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