Bitcoin falls 4.6% as US dollar hits 18-month high, futures liquidations surge

The US dollar index (DXY) climbed to an 18-month high, signaling increased pressure on Bitcoin and other risk assets. As of the latest data, Bitcoin traded at $82,490, recording a 1.62% decline in the previous 24 hours. Over the past week, Bitcoin’s value retreated by 4.61%, with its market capitalization hovering near $1.65 trillion. The recent drop followed the dollar index’s rise above 102.50, its highest level since April 2025. This surge in the greenback emphasizes the ongoing challenge for crypto investors. The US dollar index, which tracks the currency’s performance against six major currencies, recently displayed a breakout pattern.