Why is the crypto market down today? By Cointelegraph



(BTC), ether (ETH) and other cryptocurrencies have returned their gains despite cooling inflation.

After jumping to one-month highs, BTC price action, as well as that of major altcoins, has inverted down - but why?

1 hour candlestick chart (Bitstamp). Source: TradingView
(DXY) 1-day candlestick chart. Source: TradingView
Annotated chart of the US dollar index (DXY). Source: DJ/Twitter