Crypto Stays Strong Despite Dollar Surge

Cryptocurrencies have shrugged off a stronger US dollar's impact on the market, maintaining their upward trend despite losing 0.8% of their market capitalization over the past 24 hours to $2.23T.

The loss of correlation with traditional financial markets has begun to work in cryptocurrencies' favor after a prolonged period of underperformance. Among top coins, leaders in growth include XRP (+2.6%), ETH (+2.3%), and BNB (+1.7%).

BTC saw its price drop from $65.8K to $64.6K before rebounding to $65.5K, forming the seventh consecutive local low higher than the previous one since July.