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macroAug 19, 2026, 8:12 PM

Dollar Hits Three-Month Low as Bitcoin Rallies After Trump Crypto Push

The U.S. dollar dropped to its lowest level in three months while Bitcoin reached its highest since March after President Trump pressed Congress to pass crypto legislation and hosted industry executives at the White House. Chipmakers lagged the broader market.

BTCUSDDXY

The U.S. dollar slid to a three-month low, while Bitcoin climbed to its strongest level since March. The moves came after President Trump pushed Congress to pass a key cryptocurrency bill and hosted industry executives at the White House.

In equities, chipmakers underperformed the broader market, leaving the session mixed outside the crypto rally.

  • U.S. dollar: three-month low
  • Bitcoin: highest since March
  • Chipmakers: lagged broader market

Source: First Squawk