{"id":276228,"date":"2024-04-02T23:25:56","date_gmt":"2024-04-02T17:55:56","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=276228"},"modified":"2024-04-02T23:25:56","modified_gmt":"2024-04-02T17:55:56","slug":"crypto-markets-turn-sharply-lower-as-dollar-strengthens-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-markets-turn-sharply-lower-as-dollar-strengthens-crypto-news\/","title":{"rendered":"Crypto Markets Turn Sharply Lower As Dollar Strengthens – Crypto News"},"content":{"rendered":"

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Bitcoin plunged 5% to $65,000 after yesterday’s $300 million in GBTC outflows.<\/p>\n

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After ending March on a high note, crypto markets are ringing in the new month with a bout of volatility.<\/p>\n

Bitcoin is down nearly 9% in the past two days, selling off sharply after staging its highest monthly close ever on March 31.<\/p>\n

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BTC Price<\/figcaption><\/figure>\n

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Meanwhile, Ether has plummeted 11% from yesterday\u2019s high of $3,650 and currently changes hands for $3,225. Overall, crypto\u2019s market capitalization is down 5.3% to $2.6 trillion, according to Coingecko<\/a>.<\/p>\n

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Global markets turned lower as the Dollar Index (DXY) hit a six-week high earlier today, driven by better-than-expected U.S. manufacturing data. Notably, gold spiked to an all-time high of $2,260 per oz. before retreating.<\/p>\n

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\"US
US Manufacturing Data <\/figcaption><\/figure>\n

<\/a><\/p>\n

Strong economic signals decrease the likelihood of the Fed cutting interest rates, which in turn dampens investors\u2019 risk appetites. The S&P 500 and the Nasdaq are down more than 1% on the day.<\/p>\n

With the majority of the top 100 digital assets down in the past 245 hours, Bittensor, Core and Litecoin have managed to post gains of 5% or more.<\/p>\n

Layer 1 blockchains Aptos and Sui are the day\u2019s biggest losers, dropping 11% and 12%, respectively. Meanwhile, popular memecoins Dogecoin, Bonk, and Pepe are down 8% or more.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin plunged 5% to $65,000 after yesterday’s $300 million in GBTC outflows. After ending March on a high note, crypto markets are ringing in the new month with a bout of volatility. Bitcoin is down nearly 9% in the past two days, selling off sharply after staging its highest monthly close ever on March 31. […]<\/p>\n","protected":false},"author":2,"featured_media":276229,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-276228","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/276228","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=276228"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/276228\/revisions"}],"predecessor-version":[{"id":276231,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/276228\/revisions\/276231"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/276229"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=276228"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=276228"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=276228"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}