Dollar’s sharp recovery puts Bitcoin’s $25K breakout prospects at risk By Cointelegraph

(BTC) investors reeling from the shock of recent cryptocurrency company failures and banking issues may face another potential problem: a recovering United States dollar.

Notably, the (DXY), which tracks the greenback’s performance against a basket of top foreign currencies, has risen 4% from its Feb. 3 low of 100.82, amid anticipations that the U.S. Federal Reserve will continue raising benchmark rates to cool inflation.

Inflation persists

DXY chart paints inverse head-and-shoulders