The US Dollar Index approaches the 100 mark, combined with the US Treasury yields simultaneously breaking higher and breaking the downward trend, signaling clear downward pressure for the crypto market.



Core logic:

Cryptocurrencies are priced in USD; as the dollar strengthens and appreciates, more tokens can be purchased with the same amount of USD, naturally putting downward pressure on prices;

A strong dollar plus rising US Treasury yields will lead funds to preferentially flow back into USD cash and US Treasuries for safe-haven preservation, continuously pulling investment out of high-risk crypto assets, further driving the market down. $BTC
BTC-1.82%
View Original
[The user has shared his/her trading data. Go to the App to view more.]
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin