The **US dollar** posted its biggest gain in nearly four weeks yesterday, rising strongly against major currencies as US macro data came in higher than expected. That put pressure on risk assets, including crypto.
Why does it matter? Because a stronger dollar makes USD-denominated assets more expensive for international buyers and typically drains liquidity from emerging and speculative markets. Bitcoin fell -0.85% over the last 24 hours, rejected at 81,282 after touching three-month highs.
The inverse correlation between the DXY (dollar index) and BTC isn’t perfect, but in contexts of macro dollar strength, risk appetite contracts. If the dollar keeps rising, Bitcoin’s support zone at 78,446 will be key: losing it could open the door to 75,930.
For now, the crypto bias remains bullish on daily and weekly timeframes, but the technical rejection near 81K and the dollar’s strength are creating uncertainty. Next week, US employment data and the Fed minutes could determine whether the dollar extends its rally or the market catches its breath.
**Do you think a strong dollar will slow down the crypto momentum, or is it just short-term noise? Drop your take in the comments.**
#DollarPostsBiggestGainInNearlyFourWeeks
Why does it matter? Because a stronger dollar makes USD-denominated assets more expensive for international buyers and typically drains liquidity from emerging and speculative markets. Bitcoin fell -0.85% over the last 24 hours, rejected at 81,282 after touching three-month highs.
The inverse correlation between the DXY (dollar index) and BTC isn’t perfect, but in contexts of macro dollar strength, risk appetite contracts. If the dollar keeps rising, Bitcoin’s support zone at 78,446 will be key: losing it could open the door to 75,930.
For now, the crypto bias remains bullish on daily and weekly timeframes, but the technical rejection near 81K and the dollar’s strength are creating uncertainty. Next week, US employment data and the Fed minutes could determine whether the dollar extends its rally or the market catches its breath.
**Do you think a strong dollar will slow down the crypto momentum, or is it just short-term noise? Drop your take in the comments.**
#DollarPostsBiggestGainInNearlyFourWeeks