“U.S. growth has remained exceptionally strong compared to Europe, the UK, and Japan, which has supported the [U.S. dollar],” Aurelie Barthere, an analyst in Nansen, wrote in a note to CoinDesk. “However, this is less clear going forward, as we have seen a series of weak consumption and housing data in the U.S. I see the DXY linked to crypto prices through the intermediary of the rates channel.”

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Author: Sam Reynolds

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