Bitcoin holds $86,000 as dollar strengthens and European risks mount
Summary
The U.S. Dollar Index rose to about 102.5, its highest level in nearly 18 months, up from roughly 99 in early September and above its 200-day average. Higher U.S. interest rates and Treasury yields have supported the dollar, while euro weakness—amid political and fiscal concerns in Europe—has also lifted the index. A stronger dollar can pressure risk assets, including bitcoin, by making dollar debt costlier and cash and bonds more attractive. Bitcoin nevertheless remained near $86,000 after a strong start to October.
