Weakened Dollar and Crypto Market to be Tested Following a Lost Grip

TheNewsCryptoPublished on 2026-02-11Last updated on 2026-02-11

Abstract

The US Dollar is weakening against major currencies like the Japanese Yen and Australian Dollar ahead of key employment data release on Wednesday. USD/JPY fell 0.75% to 153.4810 while USD/AUD dropped 0.54% to 1.4058. The crypto market declined 2.76% overall, with a total market cap of $2.28 trillion. Major losses were seen across all segments, with BNB dropping 5.49%, meme coins TRUMP and BONK falling 4.75% and 3.64% respectively, and AI token TAO plunging 6.34%. Both markets face testing factors including upcoming US employment and inflation data scheduled for Wednesday and Friday, which will be crucial indicators for market direction.

The US Dollar (USD) is feeling the pressure against some of the major currencies, like Japanese Yen (JPY) and Australian Dollar (AUD). This comes ahead of employment data, which is scheduled to be rolled out on Wednesday.

Meanwhile, the crypto market is seeing major dips across every segment – AI, meme, etc. It remains to be seen if the US Dollar and the crypto market stand the test.

US Dollar Weakens

The US Dollar has lost 0.75% against JPY and 0.54% against AUD. USD/JPY stands at 153.4810 while USD/AUD is at 1.4058. Notably, JPY was speculated to go the other way ahead; however, elections over the weekend defied most of it to strengthen Prime Minister Sanae Takaichi’s hold over her policies.

It was earlier reported that the Chinese Yuan gained strength against the US Dollar. The US currency is also down against the Swiss franc by 0.25% at 0.7659. The New Zealand Dollar gained 0.2% against $0.6054. The US Dollar Index currently stands at 96.626, down from 97.846 as reported last week.

Crypto Market Down

The crypto market, in its entirety, is down by 2.76% in terms of market cap. The value is $2.28 trillion on paper with a single-digit FGI of 9 points. All top-10 tokens, excluding stablecoins, have lost at least 2% of their respective values. BNB has lost the most. It has shed 5.49% over the last 24 hours, and is now trading at $592.29.

The situation is the same across the meme coin segment, with TRUMP and BONK recording the highest losses among the top meme coins. TRUMP is down by 4.75% while BONK has lost 3.64% of its value.

TAO, an AI token, is possibly leading the charge as it has plunged by 6.34% during the same time line. It is now exchanging hands at $147.09.

Testing Factors

Factors that would possibly test the US Dollar and the crypto market are upcoming US Jan 2026 employment and inflation data, scheduled to be rolled out on Wednesday and Friday, respectively.

According to a report by Reuters, markets are pricing an easing of 60 bps by the end of this year, that is 2026. What’s still on the toe is retail sales along with labor costs, as the former slowed in December 2025 and the latter in the fourth quarter.

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Related Questions

QWhat are the two major currencies against which the US Dollar is feeling pressure?

AThe US Dollar is feeling pressure against the Japanese Yen (JPY) and the Australian Dollar (AUD).

QWhat is the current value of the US Dollar Index mentioned in the article?

AThe US Dollar Index currently stands at 96.626.

QWhich top-10 cryptocurrency (excluding stablecoins) lost the most value in the last 24 hours and by what percentage?

ABNB lost the most value, shedding 5.49% over the last 24 hours.

QWhat are the two key economic data releases scheduled for the week that will test the markets?

AThe upcoming US employment data (scheduled for Wednesday) and inflation data (scheduled for Friday) for January 2026 are the key releases.

QAccording to the Reuters report cited, how much easing are markets pricing in by the end of the year (2026)?

AMarkets are pricing an easing of 60 bps (basis points) by the end of 2026.

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