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Dollar Surge Crushes Crypto Markets | Bitcoin and Crypto News
Description
Crypto markets took a hit this week as Bitcoin, Ether, Solana, and even Dogecoin dipped, tied to the yen hitting a 40-year low against the dollar. A stronger dollar makes dollar-denominated assets like Bitcoin more expensive for international buyers, pulling capital away from riskier investments. Bitcoin sits at $59,500, down 7% weekly and stuck below its 200-week moving average. Activity on the blockchain remains flat, with no surge in user engagement or transaction volume. Adding to the turbulence, MicroStrategy signaled it may sell over $1 billion in Bitcoin—a major shift from its past “hold” strategy, sending shockwaves through the market.
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