Dollar Regains Ground After Sell Off; Bitcoin Breaches $42,000

The dollar has regained ground after falling for three straight weeks on bets that the U.S. Fed will soon be cutting interest rates.

  • Meanwhile, Bitcoin has breached $42,000 for the first time since early 2022.

Fed Chair Jerome Powell said on Friday that the central bank was prepared to tighten policy further if needed, but also said that interest rates were “well into restrictive territory” and were slowing inflation.

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