US Dollar Surge Destroys The Crypto Market’s Momentum
US Dollar Surge Destroys The Crypto Market's Momentum. A growing strength in the short-term in the US dollar, and the constant inflationary pressures have started to limit the bullish trend of digital assets. The rally in both traditional and crypto-related stocks experienced temporary losses last week, while bitcoin, the most popular cryptocurrency, was the last to close the session 3.4 percent lower at $22,930. Digital assets have seen an extended hiatus following the 33% rise in market value total year-to-date -increasing from $828.7 billion to $1.1 trillion, mostly due to increased enthusiasm for the class during the beginning of the…