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Why the Dollar Hit a 3-Month Low and Bitcoin Only Moved 0.7%

Why the Dollar Hit a 3-Month Low and Bitcoin Only Moved 0.7%

The dollar fell to a 3-month low on Monday. Traders have stopped believing the Federal Reserve will raise rates again. Bitcoin (BTC), which normally thrives on a weak dollar, moved 0.7%. Gold did far better. It has gained 9.3% in a month.

Bitcoin has lost 0.8% over the same stretch. The same news reached both assets, and only one traded on it. Dollar Index (DXY) Performance. Source: TradingView Why the Dollar Hit a 3-Month Low The US economy stopped creating jobs in July.

Payrolls fell by 23,000, the Bureau of Labor Statistics (BLS) reported. The revisions hurt more than the headline. May and June were cut by a combined 103,000 jobs. Unemployment now sits at 4.1%. Shoppers pulled back too.

Retail sales dropped 0.6% in July to $763.6 billion, according to the Census Bureau. June had risen 0.2%. Inflation cooled at the same time. Consumer prices rose 3.4% in the year to July. Core prices, which exclude food and energy, rose 2.5%.

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Yes, most public blockchains (like Bitcoin and Ethereum) are transparent. Transactions can be traced back to public keys and wallet addresses, meaning that while they are pseudonymous (names are not directly tied to addresses), they are not completely anonymous.

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