Major Cryptocurrencies Mostly Higher as Dollar Eases
A weaker U.S. dollar is supporting major cryptocurrencies, according to a market note. Coinbase Institutional’s Colin Basco says crypto tokens have responded more to macro moves than to tech and AI stocks this week.
At 1120 ET, a weaker USD index is supporting many major cryptocurrencies. Bitcoin and other crypto tokens have responded more to macro market moves and less to movements in tech and AI stocks this week, Colin Basco of Coinbase Institutional says in a note. “Bitcoin's correlation with chip stocks…