Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.
The AUD/USD pair recovers a few pips from over a one-week low, touched earlier this Friday, though it lacks follow-through and currently trades around the 0.7000 psychological mark.
Deutsche Bank reports that the Dollar Index rose 0.65% to 100.98, while EUR/USD slipped to 1.144. The move comes as US Treasuries partially retraced prior Fed‑driven losses, with the 10‑year yield down 3.4 bps and jobless claims slightly above expectations.