Global macro analyst Luke Gromen , well-known for his bullish stance on Bitcoin as a hedge against fiat debasement, recently said on his YouTube channel that he doesn't foresee a “nuclear printing” the next year. It means the U.S. will not print a large quantity of U.S. dollars in 2026, as per Gromen.

Metals and other hard assets continue their surge to new records as the greenback stumbles, but crypto has not responded.

The dollar retreated Tuesday, adding to recent weakness. The WSJ Dollar Index recently stood about 0.4% lower, with the euro and British pound among currencies gaining against the greenback. The index hit a six-month peak on Nov.

The dollar is heading for its weakest annual performance in eight years, and the options market is signaling that traders are preparing for more downside in the final sessions of 2025.

The greenback was last down 0.35%, at $98.25, with the index down roughly 9.05% so far this year. The U.S. Dollar Index ( DXY ), which measures the value of the dollar against a basket of six foreign currencies, rose 0.33% over the last week.

The WSJ Dollar Index is up 0.32 point or 0.34% this week to 96.44 —Largest one-week point and percentage gain since the week ending Nov 21, 2025 —Snaps a three-week losing streak —Today it is up 0.29 point or 0.31% —Largest one-day point and percentage gain since Wednesday, Nov. 19, 2025 —Up two of the past three trading days

The dollar index has been trading around the 100 pivot point since mid-April, with most of its price action below that level. With lower interest rates on the horizon in 2026, it may not be long before the index falls below the first technical support level.

DXY slips as higher Treasury yields fail to support the dollar, with Fed caution and stronger euro and sterling flows weighing on sentiment.

The Dollar Index (DXY) has broken decisively below the December 4 low at 98.76, establishing a clear bearish sequence from the November 21 peak. This structural decline favors continued downside momentum.