Dollar Hits 3-Month Low as Bitcoin Remains Unfazed

The US dollar hit a three-month low against the euro due to weak retail sales and an increase in inflation expectations. Despite this, Bitcoin only moved 0.7% over the past week.

The dollar's decline is attributed to a decrease in consumer spending and higher-than-expected inflation rates. This has led to concerns about the potential impact on interest rates and economic growth.

Meanwhile, Bitcoin has been relatively stable, with its price fluctuating within a narrow range over the past week. Analysts point out that the cryptocurrency's lack of movement may be due to the current market uncertainty and the ongoing regulatory discussions.