Price Point: Bitcoin recovers to $20,000 as the U.S. Dollar Index (DXY) retreats from 20-year highs. The bounce looks fleeting as bond yields continue to rise and stock futures signal risk aversion.
Market Moves: Bitcoin may not be an inflation hedge, but there might be something to be said for it acting as a way to bet on the separation of money and state, writes CoinDesk's George Kaloudis.