Bitcoin slips below $65,000 amid stronger US Dollar; BNB, Shiba Inu drop over 3%

Major crypto tokens declined on Friday as the U.S. dollar surged to a fresh eight-week high, with the Federal Reserve’s patient approach to cutting interest rates contrasting with more dovish stances elsewhere.

Bitcoin was trading 1.3% lower at $64,592 as of 11:56 a.m. IST, while Ethereum was below the $3,550 level.

The dollar index, which measures the currency against six major peers including the yen, sterling, euro, and Swiss franc, spiked 0.41% overnight.