Strong crypto losses drive XRP down 5%. Dollar worries Bitcoin bulls

As a stronger dollar pushed down global currencies and assets like bitcoin, XRP led crypto losses on the second-last day of 2017 year.

BTC historically has moved opposing the U.S. Dollar Index (DXY), which tracks the greenback's exchange rate versus major fiat currencies like the euro.

Despite no rate reduction or a strong dollar, some believe long-term crypto policies will boost the market.

XRP led crypto losses on the second-last day of 2017 year as a stronger dollar pushed down global currencies and assets like bitcoin, sending Asian equities markets down on Monday.

In the previous 24 hours, XRP fell more than 5%, while DOGE, SOL, ETH, and BNB fell as much as 2%. Market capitalization decreased 3%, while the broad-based CoinDesk 20 (CD20) index of the biggest tokens, excluding stablecoins, lost 3.5%.

US stocks fell Friday as investors cut holdings amid year-end uncertainties. An Asia Pacific index reversed 5-day advances, while S&P 500 and Nasdaq futures contracts showed losses in the U.S. session as of Asian afternoon.

BTC historically has moved opposing the U.S. Dollar Index (DXY), which tracks the greenback's exchange rate versus major fiat currencies like the euro.

The dollar has strengthened ahead of President-elect Donald Trump's January inauguration, when he has pledged many economic stimulus measures.

When the dollar rises, dollar-denominated assets outperform cryptocurrencies. US Treasuries and equities, which provide returns under a strong currency, are preferred by investors.

However, weaker liquidity and year-end investor profit-taking have tempered bitcoin rally prospects. The December "Santa rally," a euphemism for positive seasonality, failed with BTC prices falling over 4% this month (it is still up 47% in the last quarter, data reveals).

Also, lowered expectations for Federal Reserve interest-rate reduction have lowered bitcoin and crypto values in the previous month.

#XRP #BTCMiningPeak #btc2025 #CryptoRegulation2025 #CryptoETFMania $XRP $BTC $ETH