The U.S. dollar rose Tuesday, climbing to 10-month highs after bond yields soared to 16-year peaks amid growing expectations that U.S. interest rates will rise further this year.

At 03:15 ET (07:15 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% higher at 105.880, having touched its highest level since November at 106.100 on Monday.

The Bitcoin and crypto fund management industry could potentially reach a staggering $650 billion within the next five years, according to a prediction by Alliance Bernstein (AB), a prominent asset manager with $646 billion under management. This forecast was published on Tuesday, following recent developments that have boosted the outlook for institutional adoption of Bitcoin by Wall Street firms.

In a recent forecast, JPMorgan has predicted a potential surge in Brent oil prices to $150 per barrel. This prediction was made on Monday, as the financial institution observed escalating oil rates that have been on a consistent upward trajectory.

The U.S. dollar edged higher, just below the recent six-month high, making a steady start to the new week as traders digested last week’s series of central bank interest rate decisions.

At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded largely unchanged at 105.262, having hit a six-month high on Friday.

The price of Bitcoin (BTC) is holding above $26,000 on Sept. 25, continuing to show weakness after last week’s United States Federal Reserve interest rate decision.

Crude prices had first weekly loss in four after the Federal Reserve signaled it might raise interest rates again before the end of the year — and anytime inflation gets out of hand. 

The downside in oil prices was, however, limited by Russia’s export ban on fuels, which counteracted fears that slowing economies and high interest rates could crimp demand for energy.

Bitcoin (BTC-USD) and other major cryptocurrencies experienced a dip in value on Thursday, erasing gains made earlier in the week. The decline came after the Federal Reserve signaled that interest rates would remain high for an extended period, with Bitcoin retreating 2.3% to $26.5K.

On Friday, the yen fell sharply against the dollar, trading at 148.31, following the Bank of Japan's decision to keep interest rates in negative territory. This move indicates that the bank is not in a hurry to wind down its large-scale stimulus program. Concurrently, the dollar rose by 0.2%, marking its 10th successive weekly gain, bolstered by a decline in the euro due to poor economic data from the Eurozone.

Mark Fisher, the founder of MBF Clearing Corp., forecasted in a CNBC interview on Thursday that crude oil prices could surpass $100 per barrel due to global supply shortages. This prediction was made on the same day as Russia announced an immediate temporary ban on diesel and gasoline exports to all but a select group of former Soviet states.

Oil prices are approaching the $100 per barrel mark this Thursday, with many analysts forecasting that they will surpass this threshold within the year. The escalating cost of oil has been a significant contributor to U.S. inflation, directly affecting gasoline prices and consequently driving consumer prices up. Over half of the 0.6% increase in consumer prices recorded in August can be attributed to gasoline, which currently averages at $3.87 per gallon, a roughly 20 cents increase from last year, according to AAA.