Whenever the broader environment shifts, check the overall market first: $BTC (24h -1.79%).
The U.S. Dollar Index has erased all its gains since the CPI report was released—as interest rate expectations shift, futures traders are usually the first to adjust their positions. Check whether open interest has moved unusually.
A sustained move in the same direction by the dollar is what tends to have a more pronounced impact on crypto prices.
The U.S. Dollar Index has erased all its gains since the CPI report was released—as interest rate expectations shift, futures traders are usually the first to adjust their positions. Check whether open interest has moved unusually.
A sustained move in the same direction by the dollar is what tends to have a more pronounced impact on crypto prices.