Strong USD Pressures Crypto: Delta Neutral Strategies

The USD is showing significant strength. With EUR/USD at 1.1476 (above 1.10 indicating USD weakness by definition, but weaker against previous reference level of 1.08, with an outlier of USD/JPY at 159.33, a strong signal of USD strength against the Yen). This generally pressures risk assets, suggesting potential downward pressure on [Bitcoin](/pairs/btc-perp) and altcoins. Traders employing [delta](/glossary#delta)-neutral strategies should be cautious and potentially adjust their hedges to account for increased USD strength.