WS #15302
The US dollar has climbed to an 18-month high, driven by rising bond yields and a hawkish Fed outlook, which typically pressures risk assets. However, Bitcoin has demonstrated remarkable resilience, holding firm around $86,000 and forming a bullish 'golden cross' technical pattern. This decoupling suggests that crypto is being priced as a distinct hedge against fiat debasement and macro instability, rather than simply following traditional risk-on/risk-off correlations.
Macro Dollar Strength and Crypto Resilience
The US dollar has climbed to an 18-month high, driven by rising bond yields and a hawkish Fed outlook, which typically pressures risk assets. However, Bitcoin has demonstrated remarkable resilience, holding firm around $86,000 and forming a bullish 'golden cross' technical pattern. This decoupling suggests that crypto is being priced as a distinct hedge against fiat debasement and macro instability, rather than simply following traditional risk-on/risk-off correlations.