ChainCatcher news, according to market news, the US dollar index DXY has risen 13 points in the short term, currently reported at 100.73. (Jin Shi)

ChainCatcher news, according to Jinshi reports, the US Dollar Index DXY has risen nearly 20 points in the short term, currently reported at 100.73.

ChainCatcher news, according to Jinshi reports, the US dollar index DXY has risen 13 points in the short term, currently reported at 100.70.Cryptocurrency stocks are down in pre-market trading, with Coinbase (COIN.O) down 2.1%, MicroStrategy (MSTR.O) down 2.5%, and ProShares Bitcoin Strategy ETF and iShares Bitcoin Trust both down 2%.

ChainCatcher news, according to Jinshi reports, after the non-farm payroll data was released, the US Dollar Index DXY gapped down by 40 points, currently reported at 103.67.In addition, traders have increased their bets on a significant rate cut by the Federal Reserve in the future, with traders betting that the Fed will cut rates by 50 basis points in September, following an increase in the unemployment rate to 4.3% in July.

ChainCatcher message, XT Research Institute reminds that at 20:30 tonight, the U.S. Department of Commerce will release the U.S. May Core PCE Price Index year-on-year. The market generally expects that the U.S. Core PCE data will affect the U.S. Dollar Index, U.S. Treasury yields, and interest rate cut expectations, and may also impact the risk market and cryptocurrency market.The previous value of this data was 2.8%, and the forecast value is 2.6%. If the published value is lower than the expected value, it will be bearish for the dollar and bullish for non-U.S. currencies. It will be bearish for Treasury yields, bullish for interest rate cut expectations, and bearish for interest rate hike expectations. It will be bullish for the risk market and bullish for the cryptocurrency market.

ChainCatcher message, Glassnode co-founder Negentropic stated on X: "After the release of yesterday's CPI and retail sales data, the Dollar Index (DXY) was severely impacted. According to the EW-count, this looks like the 'right shoulder' of a major head and shoulders pattern. More downside potential will fuel the rebound of risk assets BTC and SP500 until the end of summer."

ChainCatcher message, the US Dollar Index DXY has risen 27 points in the short term, standing above 106, with a daily increase of 0.32%.

ChainCatcher news, the US Dollar Index DXY has broken 105, marking the first time since November 2023, with an intraday increase of 0.49%.