The Dollar and Cryptocurrency Markets in January

The dollar was sitting at about 104 105 when we started the year and then we had it dropped by around three four percent into February right so that I think fueled the initial boom. Bitcoin in particular has caught a bid on the back of these banking issues right because its value as somewhat of a doomsday hedge has come back into the equation. Open interest on bitcoin is at an all-time high at least on their platform according to Deribet.