Live updates: Crypto majors bounce while global funds run their lowest dollar hedges since 2015
Major cryptocurrencies including BNB, XRP, and Bitcoin saw modest gains as the broader market showed signs of recovery. Simultaneously, global institutional investors have reduced their dollar hedging to 2015 lows, signaling a potential shift in sentiment regarding the U.S. dollar's role as a safe-haven asset.
Why it matters
The reduction in currency hedging by major pension funds suggests a weakening confidence in the U.S. dollar, which could trigger significant capital reallocation and increased volatility in global financial markets.
BNB led the day's gains at nearly 3%, with XRP and dogecoin each up more than 2%. Tron, solana, zcash and bitcoin all added around 2%, while ether and hyperliquid were flat.
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