The U.S. Dollar Index (DXY) has risen nearly 40 points in the short term and is now at 102.52.
Macro news affects the crypto market. I usually look at it in two steps:
First: where the dollar is headed—strength is bearish, while a decline favors risk assets.
Then: whether traditional markets and $BTC are reacting in sync. If they are, it suggests this factor is driving the move; if not, flows within the crypto market are likely playing a bigger role.
$BTC is currently at 82861.51, down 0.6% over 24 hours.
Macro news affects the crypto market. I usually look at it in two steps:
First: where the dollar is headed—strength is bearish, while a decline favors risk assets.
Then: whether traditional markets and $BTC are reacting in sync. If they are, it suggests this factor is driving the move; if not, flows within the crypto market are likely playing a bigger role.
$BTC is currently at 82861.51, down 0.6% over 24 hours.