In this week's global markets, volatility characterizes the movements of Bitcoin and the U.S. dollar index, reflecting uncertainties in international trading. Bitcoin experienced significant fluctuations, dropping to around $60,017, the lowest level in the past 16 months, before rebounding strongly toward $70,300, achieving a 13% gain. According to current data, BTC is trading around $67.99K with a positive change of 0.33% in the last 24 hours, indicating some stabilization after initial turbulence.
Meanwhile, the U.S. dollar index showed similar fluctuations. It briefly surpassed the 98-point threshold, reaching 98.029 (the highest in two weeks with +0.1%), then weakened to 97.672 (-0.3%). As reported by RTHK, commodity currencies gained ground in recent New York trading, with the Australian dollar and New Zealand dollar rising over 1% against the dollar, surpassing levels of 0.7 and 0.6 respectively. The British pound rose above 1.361 against the dollar (+0.7%), while the euro reached 1.182 (+0.4%). The U.S. dollar remained around 157.1 Japanese yen.
On the yield front, U.S. 10-year Treasury yields rebounded above 4.2%, while 2-year yields briefly touched 3.5%. Market participants are awaiting next week's January employment data, an event that could further influence both the dollar index and Bitcoin movements in the coming days.
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In this week's global markets, volatility characterizes the movements of Bitcoin and the U.S. dollar index, reflecting uncertainties in international trading. Bitcoin experienced significant fluctuations, dropping to around $60,017, the lowest level in the past 16 months, before rebounding strongly toward $70,300, achieving a 13% gain. According to current data, BTC is trading around $67.99K with a positive change of 0.33% in the last 24 hours, indicating some stabilization after initial turbulence.
Meanwhile, the U.S. dollar index showed similar fluctuations. It briefly surpassed the 98-point threshold, reaching 98.029 (the highest in two weeks with +0.1%), then weakened to 97.672 (-0.3%). As reported by RTHK, commodity currencies gained ground in recent New York trading, with the Australian dollar and New Zealand dollar rising over 1% against the dollar, surpassing levels of 0.7 and 0.6 respectively. The British pound rose above 1.361 against the dollar (+0.7%), while the euro reached 1.182 (+0.4%). The U.S. dollar remained around 157.1 Japanese yen.
On the yield front, U.S. 10-year Treasury yields rebounded above 4.2%, while 2-year yields briefly touched 3.5%. Market participants are awaiting next week's January employment data, an event that could further influence both the dollar index and Bitcoin movements in the coming days.