Stronger US Dollar and Weakening Cryptocurrencies, Also Extends to Gold

TheNewsCryptoPublished on 2026-02-24Last updated on 2026-02-24

Abstract

The US dollar has gained strength, with the US Dollar Index rising 0.11% in a single day. This has coincided with a downturn in cryptocurrencies, with the total market cap falling 3.06% to $2.19 trillion and Bitcoin dropping below $64,000. The precious metal gold also declined, slipping over 1% in value. Major US stock indexes, including the Nasdaq and Dow, fell as well. Analysts attribute these market movements to factors such as geopolitical tensions, macroeconomic shifts, and investor uncertainty. However, these effects are believed to be short-term and may reverse as conditions stabilize.

The US Dollar has gotten stronger, but there are signs for simultaneous downtrend for cryptocurrencies. A similar trend moves a bit forward to also affect Gold, given that the precious metal has slipped by over 1%. Effects, in the long-term, are estimated to be reversed with uncertainty pulling back as one of the factors.

US Dollar on the Index

Reports that surfaced earlier underlined a growth of 0.02% for the US Dollar. It has now strengthened by 0.11% in a single day. The basket carries a benchmark of 97.810 when the article is being drafted, also reflecting a jump of 0.08% in the last 5 days.

America’s currency noted a previous close of 97.696 and an open of 97.698 with a day’s range of 97.695 and 97.957.

A stronger Dollar has attracted spotlight because it often signals a tighter liquidity for investors, especially those who are contemplating allocations to risky segments. However, such a phase is believed to persist for a short term.

Decline for Cryptocurrencies

A decline for cryptocurrencies coincides with the US Dollar getting stronger. The collective market cap is down by 3.06% to $2.19 trillion, with BTC exchanging hands way below the $64k mark. It is currently trading at $63,180.63, down by 4.78% over the last 24 hours.

A report by Business Standard has highlighted volatility across the crypto market due to geopolitical tensions and a shift in macroeconomics conditions. Additionally, it has pointed out that BTC briefly traded at $62,700 and ETH at $1,850.

Investors are now reportedly reassessing their positions as it is not just the US Dollar in the picture but also the evolving situation between the US and Iran, which could potentially cause severe oil disruptions. Thereby affecting investment sentiments once again.

Gold and Wall Street Too?

Yes, Gold and Wall Street were also seen affected by the US Dollar Index. Gold dipped by around 1.1% to $5,172.11 per ounce. It has now dropped further to $5,169.99 per ounce to mark a decline of 1.09% in a single day.

All three major US stock indexes fell as well. Nasdaq and Dow declined by 1.13% and 1.66%, respectively. S&P 500 plunged by 1.04%. Another factor that has possibly caused these disruptions is uncertainty since the announcement of a 15% tariff rate by US President Donald Trump.

Highlighted Crypto News Today:

Pi Network Marks One Year of Open Network Growth

TagsCryptocurrencyGoldUS Dollar Index

Related Questions

QWhat is the current trend of the US Dollar and how much has it strengthened in a single day?

AThe US Dollar is getting stronger, having strengthened by 0.11% in a single day.

QWhat is the primary reason cited for the decline in the cryptocurrency market?

AThe decline is attributed to the stronger US Dollar, geopolitical tensions, and a shift in macroeconomic conditions.

QWhat was the price of Bitcoin (BTC) and by what percentage did it decline in 24 hours?

ABitcoin was trading at $63,180.63, down by 4.78% over the last 24 hours.

QBesides cryptocurrencies, which other major asset class was negatively affected by the stronger US Dollar?

AGold was also negatively affected, dipping by around 1.1% to $5,172.11 per ounce.

QWhat are the two main factors mentioned as contributing to the overall market uncertainty and affecting investment sentiments?

AThe two main factors are the stronger US Dollar and the evolving geopolitical situation between the US and Iran, which could cause severe oil disruptions.

Related Reads

The AI Memory Supercycle Is Here: Trade DRAM, Micron and SanDisk in One Crypto Account

The AI-driven memory shortage has created a significant bottleneck, with DRAM and NAND flash facing severe supply constraints through 2027. WEEX allows trading this theme within a single crypto account settled in USDT. The platform offers exposure through three key instruments: a direct DRAM/USDT spot trade on the shortage itself, MU perpetual futures representing sold-out leader Micron, and SNDK perpetual futures for higher-volatility NAND play SanDisk. This setup enables traders to rotate between the macro theme and specific company exposures without moving funds across different brokers. The piece highlights the unprecedented nature of the memory supercycle and positions WEEX as a unified venue to trade it, emphasizing the platform's security and user base.

TheNewsCrypto28m ago

The AI Memory Supercycle Is Here: Trade DRAM, Micron and SanDisk in One Crypto Account

TheNewsCrypto28m ago

UNI Doubles in Two Months Against the Trend: A 5-Year-Overdue Value Realization

Amidst a generally stagnant crypto market in June and July, UNI, the governance token of Uniswap, saw a significant surge, nearly doubling in price from around $2.3 to $4.6. This rally represents a delayed but significant value reassessment, triggered by the practical implementation of its long-debated "fee switch" mechanism. The key turning point was the on-chain execution of the UNIfication proposal in December 2025. It activated a protocol fee on select pools, directed Unichain sequencer revenue (net of costs) to a communal treasury, executed a one-time burn of 100 million UNI, and established a system where all protocol revenue flows into a "TokenJar" contract. This treasury has a single exit: purchasing and permanently burning UNI via a "Firepit" contract. Initially, the market reacted tepidly as the generated revenue and corresponding burn rate were modest. The narrative shifted dramatically in July 2025 with two major developments. First, the launch of Robinhood Chain, tailored for tokenized stocks, rapidly became a primary source of volume and fees for Uniswap, at one point contributing nearly half of its weekly fees. Second, governance votes successfully expanded the fee mechanism to v4 pools and initiated a temperature check for fees on Robinhood Chain. The activation of v4 fees caused the protocol's daily revenue earmarked for UNI burns to nearly triple. The core of UNI's recent price action is the transition from a pure governance token to a cash-flow asset with a permanent, protocol-funded buyer. Its effectiveness is amplified by UNI's mature and widely distributed supply, with no major impending unlocks to dilute the impact of the buybacks. The sustainability of this rally now hinges on whether the transaction volume, particularly on Robinhood Chain, persists after its initial gas subsidies expire, determining if this is a genuine value realization or a subsidy-fueled spike.

marsbit1h ago

UNI Doubles in Two Months Against the Trend: A 5-Year-Overdue Value Realization

marsbit1h ago

Breaking: Google Earth Urgently Pulls Back Nano Banana 2 Image Generation Feature!

Google Earth's newly launched "Create image" feature, powered by the Nano Banana 2 AI image generation model, was abruptly withdrawn shortly after its release due to being "played" by users. The feature allowed users to generate and overlay AI-created visuals directly onto real-world satellite and 3D maps in Google Earth. The tool enabled creative applications like historical recreations (e.g., visualizing ancient Pompeii), generating informational graphics for landmarks, and envisioning architectural projects or futuristic cityscapes on real terrain. It operated under "geospatial grounding," meaning the AI respected the underlying geography, topography, and perspective of the chosen map view. The model also integrated with Gemini to retrieve relevant factual information. However, upon release, users quickly tested its limits. A prominent example involved reimagining Philadelphia's historic Independence Hall as a post-apocalyptic ruin overrun by "happy" zombies, evil clowns, and giant alien mechs. This highlighted both the feature's playful potential and its risks regarding the generation of inappropriate or misleading content on realistic maps, leading to its swift temporary removal. Google stated it would re-release the feature after implementing "enhanced guardrails." Analysts note this move strategically leverages Google's vast proprietary geospatial data, positioning its AI not just for artistic generation but for spatially accurate world visualization—a unique advantage in the competitive AI image generation landscape.

marsbit2h ago

Breaking: Google Earth Urgently Pulls Back Nano Banana 2 Image Generation Feature!

marsbit2h ago

Altman Admits: Overestimated AI Snatching Jobs! Huang Renxun: The Unemployment Narrative Is Completely Backwards

Sam Altman has revised his earlier predictions about AI rapidly replacing jobs, admitting he overestimated the speed at which AI would eliminate entry-level white-collar roles. Speaking on the "Invest Like the Best" podcast, he stated that people do not truly want an AI CEO, as accountability and human connection remain critical. He found that individuals prefer interacting with people who can be held responsible for decisions. Similarly, NVIDIA's Jensen Huang argued that the narrative of AI destroying jobs is misguided. He distinguishes between tasks and jobs, noting that while AI can automate specific tasks, entire jobs—encompassing communication, judgment, coordination, and accountability—are not eliminated. He cited examples like radiologists and software engineers, where demand for these roles has increased as AI handles repetitive tasks, allowing for business expansion and the creation of more positions. Data from a University of Maryland and LinkUp study supports this, showing that U.S. job postings for new graduates have actually risen, countering the fear of vanishing entry-level roles. However, a significant shift is occurring: the traditional entry-level tasks that help newcomers gain experience are being automated, making initial career access more challenging. The key insight is that as AI takes over standardized tasks, the enduring value of human work shifts toward areas of responsibility, trust-building, and final decision-making—aspects that AI cannot replicate. The real "moat" for professionals lies in these irreplaceable human elements.

marsbit2h ago

Altman Admits: Overestimated AI Snatching Jobs! Huang Renxun: The Unemployment Narrative Is Completely Backwards

marsbit2h ago

A Major Change at the Fed? Report: Wash Considers Reducing Frequency of Policy Meetings, Breaking 40-Year Precedent

The Federal Reserve Chairman is considering reducing the number of regular Federal Open Market Committee (FOMC) meetings held each year, a potential major shift from the current practice of eight meetings annually that has been in place since 1981. According to a report, the proposal was discussed internally, with possible details finalized ahead of the September meeting. This change would mean fewer formal opportunities to vote on interest rates and could diminish the Fed's ability to respond to economic data while reducing market access to policy signals, marking a reversal of the central bank's long-term trend towards greater transparency. While the 1935 Banking Act sets a legal minimum of four meetings per year, historical meeting frequency has varied. The move aligns with the Chairman's broader agenda of institutional reform since taking office, which includes revising communication practices and data usage. An internal memo from 1988 had previously concluded that the eight-meeting schedule remained appropriate. If implemented, this reduction in meetings would significantly reshape the Fed's operational rhythm and its interaction with financial markets.

marsbit2h ago

A Major Change at the Fed? Report: Wash Considers Reducing Frequency of Policy Meetings, Breaking 40-Year Precedent

marsbit2h ago

Trading

Spot
活动图片