The dollar's rise is fueled by the belief in prolonged high interest rates, attracting foreign investors seeking better returns. Conversely, Bitcoin has seen a 9% decline to $63,936 during this period.
Despite similarities to the 2020 halving, market sentiment suggests greater confidence in riskier crypto assets, with Bitcoin dominance at 52%.
Additionally, the recent dollar surge has dampened crypto market sentiment, as seen in the Crypto Fear & Greed Index dropping 11 points since April 10.
