Crypto markets continue to trade in step with broader macro sentiment, with Bitcoin’s correlation to major equity indices holding at elevated levels. Traders are closely watching upcoming inflation data, which could shift expectations around future interest rate policy.
A weaker dollar this month has coincided with strength across risk assets broadly, crypto included. Some analysts argue Bitcoin’s narrative as a macro hedge is being tested in real time as institutional allocators weigh it alongside traditional inflation-hedging assets like gold.
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