Bitcoin Faces Aggressive Shorting as Dollar Index Surges
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The DXY surged above 102.50, reaching an 18-month high; Bitcoin traded around $82,800, liquidations reached $54.76 million, and Wednesday's inflation data is awaited.
🚨 As the dollar index reached an 18-month high, selling pressure on $BTC increased. 📉 Bitcoin fell to around $82,490, with liquidations totaling $54.76 million in the last 24 hours. 📊 The US inflation data to be released on Wednesday is critically important for Fed expectations. Read More: Bitcoin under pressure as dollar index reaches 18-month high The article "Bitcoin under pressure as dollar index reaches 18-month high" first appeared on C…
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Cryptocurrency News | Cryptocurrency Prices | Market CapBitcoin Faces Aggressive Shorting as Dollar Index Surges
Bitcoin is facing mounting selling pressure as the U.S. Dollar Index (DXY) surges to an 18-month high, with bearish derivatives activity and a wave of long liquidations adding to concerns about the cryptocurrency's near-term outlook.
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