Dollar holds gains after Fed boost; bitcoin tumbles – Reuters

Dollar holds gains after Fed boost; bitcoin tumbles – Reuters

LONDON, June 21 (Reuters) - The dollar held on to the previous week's gains on Monday after the Fed's surprise hawkish tilt, while bitcoin tumbled as China stepped up its crackdown on mining of the cryptocurrency.

The dollar index was broadly flat on the day after a leap of 1.9% last week - the most since March 2020 - as the U.S. Federal Reserve signalled a sooner-than-expected end to its ultra-easy monetary policy.

The index, which tracks the greenback against six major currencies, dipped slightly to 92.221 from a high of 92.405 reached on Friday, a level not seen since April 13.