The greenback's continued strength could put more downward pressure on crypto, which already suffered with bitcoin losing more than half of its value...
The U.S. dollar’s ongoing strength could put more downward pressure on crypto prices which have already suffered along with other risk assets, as bitcoin lost more than half of its value year-to-date.
For the past few months, the dollar DXY has been rallying to historic levels against its major rivals. “That gives international investors a lot of confidence that the US is going to be the place to be because they’re not going to allow inflation to get out of control,” said Mike Vogelzang, chief investment officer at Captrust.
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