Dollar Steady, Bitcoin Holds Gains Before ETF Approval Deadline

Dollar Steady, Bitcoin Holds Gains Before ETF Approval Deadline
Representations of cryptocurrency Bitcoin and U.S. dollar are seen in this illustration, on Aug. 10, 2022. Dado Ruvic/Reuters
|Updated:
0:00

LONDON—A decline in U.S. consumer inflation expectations kept the dollar rally in check on Tuesday as traders reaffirmed their bets for a slew of Federal Reserve rate cuts this year.

In cryptocurrencies, bitcoin held near its strongest level since April 2022 on growing anticipation the Securities and Exchange Commission will imminently approve spot bitcoin exchange-traded funds (ETF).