Bitcoin, Ether Start August on a Shaky Note as Dollar Index Tops 100; Yen Hits 4-Month Low Ahead of Nonfarm Payrolls

Bitcoin, Ether Start August on a Shaky Note as Dollar Index Tops 100; Yen Hits 4-Month Low Ahead of Nonfarm Payrolls

Major cryptocurrencies experienced two-way price action early Friday, as the dollar remained bid against major fiat currencies following President Donald Trump's announcement of new tariffs.Bitcoin (BTC) fell to $114,290, nearly testing the bullish trendline drawn off April and June lows, but has since recovered to trade near $115,900, according to CoinDesk data. Ether (ETH), the second-largest token by market value, mimicked BTC's price action,…

Dollar heading for best week in almost three years

The Dollar Index gained 0.1% to 99.870, on course to gain around 2.5% this week, its best weekly performance since September 2022 The U.S. dollar rose Friday, heading for its best week in almost three years as traders react to a relatively hawkish stance by the Federal Reserve, healthy economic data and the imposition of new U.S. tariffs on a series of trading partners. At 08:30 GMT, the Dollar Index, which tracks the greenback against a basket …

Bitcoin, Ether Rebound as Dollar Strengthens Amid Trump Tariffs, Inflation Concerns

Major cryptocurrencies showed mixed price action early Friday as the U.S. dollar strengthened following President Donald Trumps announcement of sweeping new tariffs. Bitcoin (BTC) briefly dipped to $114,290 before rebounding to around $115,900, while Ether (ETH) recovered from $3,616 to trade near $3,690, according to CoinDesk data. The volatility comes as the U.S. Dollar Index (DXY) climbed above 100, its highest level since late May, driven by…