While the dollar surges and bond yields spike, bitcoin refuses to blink—holding $71,000 in the face of every macro headwind.
Bitcoin is pinned above $71,000 even as the U.S. Dollar Index (DXY) punches back above 100 for the first time since late November and the 10-year U.S. Treasury yield climbs past 4.2%.
The Invesco QQQ Trust (QQQ), tracking the Nasdaq 100, is down about 0.5%, and oil sits near $100 a barrel—conditions that normally pressure risk assets.
Strategy (MSTR) is up more than 1% after adding roughly 11,000 BTC using proceeds from its perpetual preferred security Stretch (STRC). Today is the ex-dividend date for STRC, which has slipped slightly below its $100 par value to around $99.50.
AI-repurposed bitcoin miners IREN (IREN) and Cipher Digital (CIFR) opened slightly lower, while crypto exchange Coinbase (COIN) added about 2%.
Look, when the dollar and yields both spike and BTC still holds its range, the market is quietly saying the next directional move could be explosive once one side blinks.
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Source: Coindesk