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The bull case for Bitcoin is gaining momentum because the main crypto nears its all-time excessive (ATH) and the US greenback index plunges to its decrease degree in three years.
The BTC worth is up over 2% within the final week after a small acquire previously 24 hours to commerce at $107,252.66 as of seven:43 a.m. EST, information from CoinMarketCap reveals. This has introduced the crypto market chief to only over 4% under its ATH of $111,970.17 that it set on Could 22.
Analyst Says “Fiat Is Fading” As US Greenback Index Plunges
In the meantime, the US greenback index, which tracks the dollar in opposition to a basket of different main fiat currencies, has slid to its lowest degree since February 2022 to succeed in 97.27 earlier in the present day, in accordance with TradingView information.
That’s amid Donald Trump’s requires the US Federal Reserve to chop rates of interest, in addition to disappointing information on housing and client confidence.
“The greenback index is dabbling in new cycle lows in the present day,” stated macroeconomist Lyn Alden in a June 25 X put up. “Barely bought any flight-to-safety bid previously couple weeks, both.”
Actual Imaginative and prescient analyst Jamie Coutts echoed an analogous sentiment on X.
“If you happen to bear in mind 2002–2008, the final main greenback depreciation lit a hearth underneath EM equities and commodities,” Coutts stated. “Crypto is in the present day’s EM. Capital is shifting the place the vitality is. Fiat is fading.”
If you happen to bear in mind 2002–2008, the final main greenback depreciation lit a hearth underneath EM equities and commodities. EM outperformed DM by 3x as capital chased high-growth, younger economies — giving rise to BRICS.
Crypto is in the present day’s EM. Capital is shifting the place the vitality is. Fiat is… pic.twitter.com/6eI4CZZaIm
— Jamie Coutts CMT (@Jamie1Coutts) June 25, 2025
Bitcoin ETF Influx Streak Strengthens BTC Bull Case
US spot Bitcoin ETFs (exchange-traded funds) are including to BTC’s bull case. Information from Farside Traders reveals the funds pushed their web each day inflows streak to 12 days yesterday. Throughout this era, a complete of $3.9 billion flowed into these funding merchandise as nicely.
BlackRock’s IBIT continued to guide the cost, with one other $340.3 million coming into its reserves yesterday. This has boosted the fund’s cumulative web inflows to $51.992 billion.
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