Bitcoin and Ether Edge Up as the Dollar Index Slips
According to TradingView, leading cryptocurrencies mostly gained as a softer dollar lifted sentiment; bitcoin rose 0.1% to $82,106 and ether 0.4%.
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what happened
Leading cryptocurrencies are mostly trading higher as the US dollar index retreats. TradingView, citing a note from Colin Basco of Coinbase Institutional, reports that bitcoin and other tokens have recently tracked broader macro moves more closely than swings in tech and AI shares.
Basco noted that bitcoin's correlation with chip stocks has dropped to well below half of its January high, suggesting investors no longer treat it as a leveraged bet on tech. He called spot demand for bitcoin and other cryptos the weak point for prices, particularly as expectations grow that the central bank could raise rates before month-end. At the time of reporting, bitcoin was at $82,106, up 0.1%, and ether at $2,460, up 0.4%.
why it matters
For traders, the message is that crypto is increasingly driven by rate expectations and dollar moves rather than sentiment in technology stocks. Rising bets on tighter policy remain a headwind, so a weak spot market could cap gains even if the dollar keeps softening.
market impact
Bitcoin, Ether: weaker dollar supports prices, rate-hike bets add pressure
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instruments
sources
- Major Cryptocurrencies Mostly Higher as Dollar Eases — ru.tradingview.com, 16 October 2026 at 15:20 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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