Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
The U.S. dollar surged to its strongest level since mid-August amid strong economic data, geopolitical turmoil, weighing on risk assets.once again was teetering above the $60,000 level on Thursday, while smaller cryptocurrencies tumbled amid geopolitical turmoil and the surging U.S. dollar.
"Bitcoin dominance continues to trend higher, and it is now just 0.2% away from a new three-year high,” said James Van Straten, a senior analyst at CoinDesk.The overall dismal week for crypto happened with increasing concerns about military escalation in the Middle East, which sent crude oil prices near $74 a barrel, the highest in more than a month, while the U.S. dollar hit its strongest level against key currencies since mid-August."We saw more solid services data from the U.S.
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