Just as bitcoin tries to steady, the dollar index wakes up

A resurgent U.S. dollar index, which has logged its strongest two-day gain in nine months, could arrest potential bitcoin recovery. What to know : Bitcoin has stabilized between $75,000 and $80,000 after a sharp weekend sell-off. A resurgent U.S. dollar index, which has logged its strongest two-day gain in nine months, could arrest potential bitcoin recovery. Expectations that Federal Reserve chair nominee Kevin Warsh will be cautious on interest-rate cuts, along with upcoming U.S. jobs data, are seen as potential drivers of further dollar strength.