Dollar Surge Weighs on Risk Sentiment and Crypto Markets

The recent strengthening of the US dollar has led to a decrease in risk sentiment across various markets. While the crypto market has shown some slight gains alongside the positive risk sentiment in equities, it remains limited and indicates a bearish trend.

The fading expectations of a potential interest rate cut by the Federal Reserve have also contributed to this narrative. Additionally, inflows into cryptocurrency exchange-traded funds (ETFs) may be slowing down, adding to selling pressure.