By Omkar Godbole (All times ET unless indicated otherwise)

After a brief rebound on Wednesday, BTC and the broader crypto market slipped back into the red on Thursday — despite the Fed minutes showing a bias towards more rate cuts. The CoinDesk 20 Index (CD20) also fell over 1% to 4,163 points.

What’s behind the fresh stumble? Much of it likely comes down to the steady strength in the dollar index (DXY), which continues to dim the appeal of USD-denominated assets, including crypto.

Meanwhile, the U.S. government shutdown drags on, leaving traders in a holding pattern as they anxiously await Fed Chair Jerome Powell’s speech later Thursday for hints on policy direction, especially with fresh jobs and inflation data temporarily on pause.

In global news, early Thursday brought a glimmer of

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