Up or down, hopes of a new Bitcoin all-time high now only focus on 2024.
BTC/USD did manage to close the CME futures gap to the downside, which had opened at the end of the previous week.
"US Stocks showing signs of reversal this week. $BTC dropped with them, and now will pump back with them. Very obvious CME gap fill. Don't be left behind," popular Twitter account IncomeSharksContinuing the macro theme, markets commentator tedtalksmacro offered an explanation as to why crypto and risk assets more broadly were not making more of the new weakness in the U.S. dollar.
The U.S. dollar index stood at 102 on the day, down 3 points from its twenty-year highs seen last week.The DXY is moving lower due to hawkish comments from the ECB and not due to a natural increase in risk-appetite... hence zero impact on crypto and stonks.
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