Steady jitters around a potential US government shutdown kept the US Dollar under pressure on Tuesday, adding to the ongoing multi-day weakness hurting the currency. In addition, prospects for extra rate cuts by the Federal Reserve also collaborated with the bearish price action.
Bitcoin (BTC) is edging slightly down at around $113,000 on Tuesday after recovering nearly 2% the previous day. Market attention shifts to the $1.6 billion payout from the defunct FTX exchange, which could support crypto prices by injectingliquidity into the market.
The ongoing trade conflict is making things increasingly difficult for Switzerland. On Thursday night, the US President announced on social media that a 100% tariff would apply to branded or patented medicines starting tomorrow.