The US dollar posted its biggest gain in three months after Federal Reserve officials signaled support for rate hikes, pressuring crypto and risk assets.

Speculators flip to net long on the US dollar as the exceptionalism trade returns. Here's what the greenback's comeback means for crypto investors.

Speculative net long dollar positions hit their highest level since 2018 per CFTC data, with the biggest weekly increase in bullish bets pressuring crypto