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Stronger dollar may pressure Bitcoin short-term; AI boom unwind could boost it by weakening US stocks and dollar.

Market News
01 Nov 2026, 18:40 WIB
Tokenpost
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Neutral
Stronger dollar may pressure Bitcoin short-term; AI boom unwind could boost it by weakening US stocks and dollar.

Bitwise's Andre Dragosh explains that a stronger US dollar could weigh on Bitcoin in the near term due to capital flows favoring the dollar amid French fiscal risks and global financial tightening. However, if the AI investment boom proves to be a bubble, a longer-term decline in the dollar could support Bitcoin alongside a commodity supercycle, similar to post-dot-com bubble trends. This dynamic hinges on shifts in US equity performance and international capital movement, potentially creating more favorable conditions for Bitcoin in the future.

Bitcoin and the impact of dollar strength provide context for cryptocurrency market activity on Pluang. For readers following cryptocurrencies, here is Pluang's market snapshot as of Nov 01, 2026 23:21 WIB: Of 50 major cryptocurrencies priced, 22 rose and 27 fell today. Notable movers include AVAX at Rp158.902 with a 1-day change of +2.83% and a typical hold time of 88 days, CAKE at Rp34.673 down 2.53%, and THETA at Rp2.885 down 2.37%, with a strong buy order activity of 97% on THETA.

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