💵 Stronger dollar, extra pressure on crypto
The dollar strengthened by about 1% after the nomination of Kevin Warsh to lead the Fed, especially against commodity-linked currencies.
A stronger dollar usually weighs on USD-denominated assets, like Bitcoin and metals, by reducing their appeal to international buyers.
📌 It's not an isolated shock:
it's the same macro thread that has been driving the market in recent days.
Crypto continues to react to liquidity, rates, and the dollar.
$BTC #Dollar #Macro #CryptoMarket