Dollar Strength Returns as Crypto’s Biggest Near-Term Headwind

BeInCrypto Editorial

(05:35 AM UTC)

1 min read

The US dollar climbed to its highest level in two months, raising fresh risks for Bitcoin (BTC) as markets increasingly price in a Federal Reserve interest rate hike later this year.

Stronger-than-expected US jobs data lifted the greenback and pushed investors toward cash and bonds. That shift leaves higher-risk assets like crypto facing a steeper climb in the near term.

Strong Jobs Data Powers the…

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BeInCrypto Editorial · BeInCrypto

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