The dollar index just hit a 19 month high above 103, and that is crushing every risk asset including Bitcoin. 📊
Binance News, citing CoinDesk, reports the Dollar Index traded above 103, its highest since April 2025, up almost 2 percent since early October as expectations of Fed tightening firmed. 💵 My reading is that the dollar is the other half of this selloff, because a stronger dollar pulls money out of risk assets worldwide, and Bitcoin falling below 70,000 dollars on the same day the dollar hits a 19 month high is no coincidence. Until the dollar cools down, every crypto bounce fights a headwind, and the PPI print at 13:30 UTC today decides whether that headwind gets stronger.
Does the dollar keep climbing after PPI, or does a soft print finally give crypto room to breathe? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Dollar
Binance News, citing CoinDesk, reports the Dollar Index traded above 103, its highest since April 2025, up almost 2 percent since early October as expectations of Fed tightening firmed. 💵 My reading is that the dollar is the other half of this selloff, because a stronger dollar pulls money out of risk assets worldwide, and Bitcoin falling below 70,000 dollars on the same day the dollar hits a 19 month high is no coincidence. Until the dollar cools down, every crypto bounce fights a headwind, and the PPI print at 13:30 UTC today decides whether that headwind gets stronger.
Does the dollar keep climbing after PPI, or does a soft print finally give crypto room to breathe? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #Dollar
