The number of addresses holding stablecoins has risen 15% this year.

Some banks, however, expect the dollar index to stay firm over the near term.

The 200-day simple moving average is one of the most widely tracked indicators of the long-term trend.

The new BTC supply added to the market could drop to $30 million per day, according to Bitfinex.

Bitcoin's implied or expected volatility remains positively correlated with its price as traditional market fear gauges spike amid broad-based risk

GBTC again led the outflows, while inflows into BlackRock's IBIT continued to slow, provision data from Farside show.

The hawkish shift in the market sentiment could dampen the demand for risk assets, including cryptocurrencies and technology stocks.

Analytics firm Santiment's social-media metrics suggest the crypto crowd is beginning to lean bearish.