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Hi Crypto Academy Network, Expectations of an aggressive monetary tightening by the United States have sent the US dollar index (DXY) soaring to a 20-year high above 108. Arthur Hayes, former CEO of derivatives trading platform BitMEX, tweeted on July 11 that the parity between the US dollar and the euro could force the central banks to resort to yield curve control. That could lead to the disintegration of the currency and trigger a massive rally in Bitcoin. Hayes asked his followers to “be patient” as this could take time. Several analysts believe that Bitcoin will turn around after the Federal Reserve reverses its monetary tightening. And for that to happen, inflation needs to come down. There is a silver lining for the long-term investors as the inflation expectation for the three-year ahead period fell to 3.6% in June from 3.9% a month earlier, according to the New York Fed’s June Survey of Consumer Expectations published on July 11. Bitcoin rallied above the 20-day exponential moving average on July 7 but the bulls could not build upon this advantage. The bears sold near $22,500 on July 8 and pulled the price back below the 20-day EMA on July 10. KEY TRADING LEVELS Top Content This Week!  | G20 Watchdog Announces 'Robust' | | | |  | Crypto Miners in Texas Shut Down Operations | | | |  | Web3 Startup Mysten Labs Aiming for $2B | | | | Top Article This Week! 
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