Main Takeaway: USD Reaches New Heights, Yen Sinks
Markets are neutral to the green d-o-d as the US Dollar continues to reach new heights, in particular, vis-a-vis the Japanese Yen. However, this is scaring the global markets as people fear when the Dollar appreciates against global currencies such as the Yen, the Yuan, and the Euro.
Moreover, there’s a bearish trifecta moving in motion – a rising Dollar, falling Gold, and slumping stocks. As a result, crypto prices are facing significant headwinds.
Key Stories: Celsius Update
Celsius has just announced it will reopen withdrawals for “certain customers with certain assets held in the custody program and withhold accounts.” While the clarity on the exact details remain to be seen, this is good news for the crypto provider.