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Bitcoin holds firmly near the historical maximum, because the US dollar resists the weakest level in more than three years and focuses on a fragile dance between crypto prices and the dominant reserve currency in the world.
On Friday morning in London, Bitcoin traded on 107 639 $up to 9.8% since the beginning of the year and 6% for the last week. The largest cryptocurrency in the world remains only shy of the historically highest maximum 111 900 $ Set 21. May. Meantime US DOLLAR INDEX (DXY) has slipped on 97.10marking and 10% decrease year -on -year And to promote speculation about how much further the dollar can drop.
The dollar film comes in the middle of the faith of macroeconomic forces: the expectations of a looser policy of federal reserve, signs of relief of business tension between the US and China, and growing concern that political pressures could undermine the independence of the Fed.
Analysts say these dynamics revive the attraction of bitcoins as a hedge against the devotion of the dollar and traditional financial volatility.
Vasileios Gkionakis, Head of Economist and Strategist at Aviva Investors, in the comments of Reuters, said, said, he said,
“I don’t think it’s just a fed.
Markets currently set prices around 64 Basic Points Reducing rates for the rest of the year 2025, compared to 46 basis points expected a week ago. Speculation is also swirling that President Donald Trump can install more dove chair if he perceives monetary tightening as a move on economic growth, heading for the next election cycle.
At the same time, diplomatic progress seems to calm global nerves. Reports on a trade agreement on a rare country between Washington and Beijing have lifted stocks around the world this week. Pan-European Stoxx 600 The index increased by 0.9% per day and was prepared for 1.1% weekly profit, while Asian markets have increased to their highest level in more than three years.
Despite the Assembly of Bitcoins, some analysts warn that its correlation with the dollar is not perfectly inverse. Cryptoquant data shows that statistically significant negative correlations below minus 0.6 have appeared on less than 30% of business days from 2021. Currently, 90 -day correlation between BTC and DXY –0,34He suggests a free but noticeable relationship.
The difference with the view of bitcoins
Some see a dollar drop as a tail wind for bitcoins. Digital Manager Bitwise keeps AND $ 200,000 The price goal at the end of the year for BTC and claims that the deliberate weakening of the dollar could push more capital into alternative value stores.
Others remain skeptical. While corporations, institutions, and government entities are now gaining or holding bitcoins, the activity on the chain is nowhere near the level of 2021. Active wallets, the volume of the flash and the transaction numbers have been reduced. Bitcoin in 2025 is not about everyday individuals who use them for payments or even obtain. Instead, we see the transfer of values from retail users to institutions and a key focus on the United States.
The price of bitcoins is no longer necessarily endangered by this apathy on the chain. But if Bitcoins become nothing but a place for the richest society and individuals in society to parked their wealth, then do we really do justice Satoshi’s heritage? “GO UP” is great for all who bought bitcoins soon, but should “money for freedom” really be accumulated by billionaire class?
Outstanding questions
The evolving story of BTC – USD leaves key questions unresolved:
- What level of DXY decline historically triggers large bitcoin movements?
- Do American Bitcoin corporations add to state reserves as a dollar provision?
- Could a sharp reflection in the dollar trigger a bitcoin sale?
- How does Stablecoin’s flows like USDT and USDC that reflect shifts in the dollar sentiment?
Investors will be carefully monitoring carefully when the dollar trajectory and other federal reserve movements form a narration for bitcoins in the second half of 2025.
Key data (from 27 June 2025):
- BTC spot price: 107 639 $ (▲ 9.8% YTD, ▲ 3.1% per month)
- BTC HIGH TIME: $ 109 482 (May 21, 2025)
- US DOLLAR INDEX (DXY): 97.10 (▼ 10.0% YTD, ▼ 2.3% per month)
- BTC-DXY 90-day correlation: –0,34
Contribution Bitcoin almost high as a dollar slips to a three -year minimum He appeared for the first time Cryptoslate.
