According to CoinMeta, the strong rebound of the US dollar has had an adverse effect on gold and Bitcoin. The hawkish shift in Warsh has brought the probability of a rate hike in September close to 50%, driving the DXY index back up to the 100-day moving average. A stronger US dollar means that dollar-hedged assets perform poorly; gold fell by 3.2% during the Jackson Hole Symposium, while Bitcoin still hovers around $78,000 after this week's sell-off.