Bitcoin drops below 200-week average amid Dollar Index strength

This decline occurred as the Dollar Index maintained a level above 103.

Simultaneously, the market saw gold failing to regain its footing.

Oil prices, conversely, managed to rebound during this period.

The strength of the US dollar appears to be exerting pressure on risk assets, pushing Bitcoin lower.

Earlier coverage

• Jane Street boosts Fidelity Bitcoin ETF holdings nearly 8x, trims IBIT Nov 13
• Bitcoin firm Nakamoto owes Kraken $165 million, more than its entire market value Nov 13