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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 stage in three years.
The BTC value is up over 2% within the final week after a small achieve previously 24 hours to commerce at $107,252.66 as of seven:43 a.m. EST, information from CoinMarketCap exhibits. This has introduced the crypto market chief to simply 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 towards a basket of different main fiat currencies, has slid to its lowest stage since February 2022 to achieve 97.27 earlier at the moment, in response to 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 at the moment,” stated macroeconomist Lyn Alden in a June 25 X put up. “Barely received any flight-to-safety bid previously couple weeks, both.”
Actual Imaginative and prescient analyst Jamie Coutts echoed the same sentiment on X.
“In the event you keep in mind 2002–2008, the final main greenback depreciation lit a hearth beneath EM equities and commodities,” Coutts stated. “Crypto is at the moment’s EM. Capital is shifting the place the power is. Fiat is fading.”
In the event you keep in mind 2002–2008, the final main greenback depreciation lit a hearth beneath EM equities and commodities. EM outperformed DM by 3x as capital chased high-growth, younger economies — giving rise to BRICS.
Crypto is at the moment’s EM. Capital is shifting the place the power 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. Knowledge from Farside Buyers exhibits the funds pushed their internet every day inflows streak to 12 days yesterday. Throughout this era, a complete of $3.9 billion flowed into these funding merchandise as effectively.
BlackRock’s IBIT continued to guide the cost, with one other $340.3 million getting into its reserves yesterday. This has boosted the fund’s cumulative internet inflows to $51.992 billion.
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