Shortly after reaching its all-time high above the $110,000 level, Bitcoin has started to show a series of continuous bearish moves, accumulating three consecutive sessions of losses and a price drop of over 4%.

The USD/MXN pair appreciated by more than 0.7%, favoring the U.S. dollar over the Mexican peso. The pair’s emerging bullish bias has remained steady, driven by the renewed strength of the U.S dollar.

In the past two trading sessions, the Nasdaq index has recovered just over 2%, as market confidence has temporarily returned following the latest spike in trade war tensions, which proved to be only a short-lived scare.

Over the past five trading sessions, USD/CAD has depreciated by nearly 1.5% in favor of the Canadian dollar, mainly due to growing market expectations surrounding the upcoming Bank of Canada (BoC) rate decision, along with the recent weakness of the U.S. dollar.

The euro has recently appreciated by nearly 0.8% against the USD in the short term, as the European currency gains temporary bullish momentum.

Over the past four trading sessions, Bitcoin’s price has risen by more than 7%, surpassing its previous all-time highs.