The post Bitcoin near all-time high as dollar slides to three-year low appeared on BitcoinEthereumNews.com.

Bitcoin is holding firm near historic highs as the U.S. dollar tumbles to its weakest level in more than three years, spotlighting the fragile dance between crypto prices and the world’s dominant reserve currency. As of Friday morning in London, Bitcoin traded at $107,639, up around 9.8% since the start of the year and 6% over the last week. The world’s largest cryptocurrency remains just shy of its all-time high of $111,900 set on May 21. Meanwhile, the U.S. Dollar Index (DXY) has slipped to 97.10, marking a 10% decline year-to-date and fueling speculation about how much further the dollar could fall. The dollar’s slide comes amid a swirl of macroeconomic forces: expectations of looser Federal Reserve policy, signs of easing trade tensions between the U.S. and China, and growing worries that political pressures could undermine the Fed’s independence. Analysts say those dynamics are reviving Bitcoin’s appeal as a hedge against dollar debasement and traditional financial volatility. Vasileios Gkionakis, senior economist and strategist at Aviva Investors, in comments to Reuters, said, “I don’t think it’s just the repricing of the Fed. There’s a broader issue here of some tarnishing of U.S. exceptionalism.” Markets are currently pricing in around 64 basis points of rate cuts for the rest of 2025, up from 46 basis points expected just a week ago. Speculation is also swirling that President Donald Trump may install a more dovish Fed chair if he perceives monetary tightening as a drag on economic growth heading into the next election cycle. At the same time, diplomatic progress appears to be calming global nerves. News of a rare-earth trade agreement between Washington and Beijing lifted equities worldwide this week. The pan-European STOXX 600 index rose 0.9% on the day and was poised for a 1.1% weekly gain, while Asian markets surged to…

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Filed under: News - @ June 27, 2025 1:27 pm