BTC Erases Wednesday's Spike, JPM Warns of Stock Crash: Crypto Daybook Americas

By Omkar Godbole (All times ET unless indicated otherwise) After a brief rebound on Wednesday, BTC and the broader crypto market slipped back into the red on Thursday — despite the Fed minutes showing a bias towards more rate cuts. The CoinDesk 20 Index (CD20) also fell over 1% to 4,163 points. What’s behind the fresh stumble? Much of it likely comes down to the steady strength in the dollar index (DXY), which continues to dim the appeal of USD-denominated assets, including crypto. Meanwhile, the U.S. g ...