Recently, we have seen a strengthening trend in the US dollar (USD), reaching levels not seen since 2022 . This appreciation has a direct impact on the cryptocurrency market, especially for Brazilian investors.
Impact of a Strong Dollar on the Crypto Market
The appreciation of the dollar tends to negatively influence cryptocurrency prices. A stronger dollar can reduce the attractiveness of digital assets, leading to selling pressure in the crypto market .
Current Technical Analysis
Currently, Bitcoin (BTC) is trading at US$ 104,518, with an intraday variation between US$ 103,266 and US$ 107,245. Ethereum (ETH) is trading at US$ 3,286.14, with a low of US$ 3,261.22 and a high of US$ 3,367.92 on the day.
Final Thoughts
It is crucial for investors to keep an eye on US monetary policies and dollar fluctuations as they directly impact the cryptocurrency market. Staying informed about macroeconomic trends and performing periodic technical analysis are essential practices to navigate this volatile environment.
Best regards,
[Bol3coin]
