You know that cryptocurrencies are traditionally traded in pairs to the dollar (albeit via stablecoins). Thus, the cheaper the dollar on the currency market, the more expensive the second asset in the pair should be, even if its "universal value" stands still. Therefore, we can say that crypto remains in the same sidewall, just the price is rising slightly to match its USD denomination. 

And this, by the way, is another sign of high inflation in the US.

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