$BTC Bumped into the stronger US dollar wall again!
The US dollar index has risen to around 100.86.
Fed rate-hike expectations heat up again!
The probability of another rate hike in October has already exceeded fifty percent.
The harder the US dollar, the more Crypto will test the buy-side going forward!
The US dollar index briefly surged to around 100.86, hitting a fresh high since late July. Last week, the Fed raised interest rates by 25 basis points to 3.75%—4.00%, the first rate hike since 2023. It also made it clear that inflation is still too high, and the latest economic projections indicate there is still room for further tightening this year.
Markets have now pushed the probability of another rate hike in October to about 53%, so the dollar has been continuously supported. For BTC, this means two headwinds—higher interest rates and a stronger dollar—are back again. If the price can still hold up, it will be even more revealing of how tough spot demand really is.
The US dollar is putting renewed pressure on risk assets.
If BTC can withstand this round, the strength later on is what’s truly worth watching.
Click the card below and get straight to it!👇
$ETH $SNDK
The US dollar index has risen to around 100.86.
Fed rate-hike expectations heat up again!
The probability of another rate hike in October has already exceeded fifty percent.
The harder the US dollar, the more Crypto will test the buy-side going forward!
The US dollar index briefly surged to around 100.86, hitting a fresh high since late July. Last week, the Fed raised interest rates by 25 basis points to 3.75%—4.00%, the first rate hike since 2023. It also made it clear that inflation is still too high, and the latest economic projections indicate there is still room for further tightening this year.
Markets have now pushed the probability of another rate hike in October to about 53%, so the dollar has been continuously supported. For BTC, this means two headwinds—higher interest rates and a stronger dollar—are back again. If the price can still hold up, it will be even more revealing of how tough spot demand really is.
The US dollar is putting renewed pressure on risk assets.
If BTC can withstand this round, the strength later on is what’s truly worth watching.
Click the card below and get straight to it!👇
$ETH $SNDK
