Bitcoin Soars as Dollar Drops to New Lows

Bitcoin prices reached a new high of $81,025 earlier this week, surging ahead of the dollar’s historic decline. The U.S. dollar index (DXY) hit 99.705 – its lowest level since April – reflecting a weakening greenback compared to other currencies. This dip is in tandem with rising gold prices, which have set a new record high of $3,220, continuing a streak of record-breaking performance. Some analysts suggest that Asian investors may be shifting away from dollar assets and into gold during this time of uncertainty.