Bitcoin price hits 3-month high amid fears of growing US dollar strength

BTC recently retested its 3-month high of $68,000, but the growing strength of the US dollar has bulls worried. The US dollar index retested its early August high of 103.45, which is usually negative for Bitcoin price movements, but its price continued to rise, confusing analysts who are used to the inverse relationship between them, which raised concerns among traders about the possibility of a “sell wave,” which could prompt some to sell their BTC holdings due to the increasing strength of the dollar.