Dutch International: Rising actual interest rates in the United States are hitting Bitcoin, gold, and the Swiss franc.

Chris Turner of the Dutch International Group stated in a report that the rise in real US interest rates adjusted for inflation has supported the dollar and weakened bitcoin, gold, and the Swiss franc. He said that the rise in real interest rates has put pressure on the depreciation trades of the dollar from last year, which assumed that the Fed would succumb to pressure from President Trump and cut interest rates. "The rise in real interest rates penalizes popular depreciation trade targets such as gold, bitcoin, and the Swiss franc." Data from the London Stock Exchange Group shows that gold fell by 2.3% to $4,166 per ounce; bitcoin fell by 1.3% to $61,317; and the dollar rose by 0.1% to 0.7984 francs, reaching a two-month high of 0.7994 francs overnight.