The post Traders Consider Bitcoin’s Potential Rise Amid Global Stimulus and Weaker US Dollar appeared on BitcoinEthereumNews.com.

Bitcoin’s recent surge to $85,000 has drawn significant attention as monetary policies globally shift towards stimulus amid a weaker US dollar. This surge comes despite a turbulent month for traditional markets, indicating a potential decoupling of Bitcoin from established financial instruments. According to COINOTAG, analysts suggest that the ongoing economic strategies in China and Europe may provide the support Bitcoin needs to maintain its upward momentum. Discover how global monetary stimulus and a weakening dollar are reshaping Bitcoin’s trajectory, with potential gains surpassing $90,000 on the horizon. Global stimulus rises as US economy shows early weakness The increasing likelihood of economic recession has triggered a reevaluation of monetary policies across the globe. Central banks, notably in Europe and Asia, are taking proactive measures to stimulate their economies. In stark contrast, the US Federal Reserve (Fed) has maintained its stance, refraining from lowering interest rates or expanding its balance sheet, which puts it at a disadvantage as other nations act. Recent data from China indicates a remarkable recovery, with new bank loans in March soaring to $500 billion, significantly exceeding market expectations. This rebound reflects the People’s Bank of China’s commitment to counteracting the economic impacts of the ongoing trade tensions. Reuters reports that further stimulus measures are anticipated, which could bolster Bitcoin’s attractiveness as an alternative investment. In Europe, the European Central Bank (ECB) has proactively cut interest rates for the seventh time this year, aiming to uplift the eurozone economy amidst fears of stagnation. Reports suggest that the tariff disputes could dent the eurozone’s GDP growth by 0.5%, necessitating swift action to avoid recession. Weaker US dollar and Bitcoin miners’ long-term commitment The depreciation of the US dollar, reflected by a drop in the DXY index to its lowest level in three years, poses challenges to the Federal Reserve…

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Filed under: News - @ April 18, 2025 2:24 am