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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 prior to now 24 hours to commerce at $107,252.66 as of seven:43 a.m. EST, knowledge 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 towards a basket of different main fiat currencies, has slid to its lowest stage since February 2022 to succeed in 97.27 earlier in the present day, in keeping with TradingView knowledge.
That’s amid Donald Trump’s requires the US Federal Reserve to chop rates of interest, in addition to disappointing knowledge on housing and client confidence.
“The greenback index is dabbling in new cycle lows in the present day,” mentioned macroeconomist Lyn Alden in a June 25 X submit. “Barely obtained any flight-to-safety bid prior to now couple weeks, both.”
Actual Imaginative and prescient analyst Jamie Coutts echoed the same sentiment on X.
“Should you keep in mind 2002–2008, the final main greenback depreciation lit a fireplace underneath EM equities and commodities,” Coutts mentioned. “Crypto is in the present day’s EM. Capital is shifting the place the vitality is. Fiat is fading.”
Should you keep in mind 2002–2008, the final main greenback depreciation lit a fireplace 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. Knowledge from Farside Buyers reveals the funds pushed their internet day by 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 steer the cost, with one other $340.3 million coming into its reserves yesterday. This has boosted the fund’s cumulative internet inflows to $51.992 billion.
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