📉 Bitcoin and Ethereum kicked off August with shaky moves as the U.S. Dollar Index (DXY) jumped above 100 for the first time since May—thanks to President Trump’s new global tariffs.
💥 $ETH briefly dipped to $114,290 before bouncing near $115,900. $ETH
ETHUSDT
Perp
3,334.25
+0.50%
ored the move, dropping to $3,616 and recovering toward $3,690.
💬 Why it matters:
Trump's tariffs are fueling inflation fears.
Rising DXY = tighter financial conditions = risk-off mode.
Fed rate cuts? Now looking less likely.
Odds of a September cut down to 41% (from 75% a month ago).
🇯🇵 Meanwhile, the Japanese yen just hit a 4-month low. All eyes now turn to Friday’s nonfarm payrolls—a major trigger for both dollar strength and crypto volatility.
📊 If the jobs data signals a weak economy, markets may regain hopes of a Fed pivot. And if that happens, Bitcoin’s path to $BTC
BTC
91,955.99
-1.20%
