Dollar Flexes, Crypto Folds: The Macro Chill Ices Bitcoin
The U.S. Dollar is on a tear, with the DXY sitting at 108.59, up nearly 6% year-over-year.
Treasury yields? Sky-high at 4.73%, their peak since April 2024.
Bitcoin’s holding at around a mere $95K while ETH hovers around $3.5K.
Altcoins? Not thriving, with BTC dominance locked at 50%.
Bottom line: Crypto is far from being anything but a risk asset when the economy looks green for everyone.