Bitcoin $BTC
BTC
69,955.25
+1.53%
Ether Start August on a Shaky Note as Dollar Index Tops 100; Yen Hits 4-Month Low Ahead of Nonfarm Payrolls
Major cryptocurrencies, including BTC and ETH, experienced volatile trading as the dollar strengthened following new U.S. tariffs.
President Trump's announcement of sweeping tariffs is expected to exacerbate inflation, complicating the Federal Reserve's ability to cut interest rates.
The Japanese yen fell to a four-month low against the dollar, with market focus shifting to the U.S. nonfarm payrolls report for further economic signals.