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Guavy AI Editorial Team••Sentiment: -3•Clout: 72

Dollar Strength Pressures Cryptocurrencies as Gold Breaks Below $4,000

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The global cryptocurrency market cap has dropped to $2.04T over the last 24 hours, down by 1.5%.

Bitcoin (BTC) traded between $58,512 and $60,781 over the past day but is now at $58,540, down by 2.24%. Most major cryptocurrencies are trading mixed with a few exceptions: AIGENSYN (up by 44%), SYN (up by 38%), and AI (up by 23%).

The yen has hit its weakest level since 1986 at 162.40/dollar, driving the dollar strength across risk assets.

Gold broke below $4,000 for the first time since November, pulling Bitcoin down to test multi-year support.