Bitcoin
It reached a historical maximum on Thursday, and is now in a discovery of prices above $ 117,000, but the largest cryptocurrency for market capitalization remains below the previous records against gold rates, reference capital rates and British pound.
This is because much of the recent rally reflects the weakness of the dollar instead of any wide catalyst for cryptography. The DXY index, a measure of the US currency against a basket of commercial partners, has fallen from 110 at the beginning of the year under 98. The levels below 100 typically indicate weakness in dollars, which is usually supported for risk assets.
For Bitcoin to demonstrate a true independent force, he must also overcome other assets, and that is not happening today.
A BTC currently equals just over 35 ounces of gold, for example, while the maximum of all time was around 40 ounces in December 2024. Similarly, Bitcoin is quoted at 87,000 pounds ($ 117,800)while the maximum of all time is 90,000 pounds. As for the actions, Bitcoin’s relationship to the S&P 500 and Nasdaq 100 also remains below the historical peaks.
These levels represent long -term resistance areas. Once Bitcoin crosses them decisively, then the true pricing discovery can begin. Without looking Bitcoin in relation to main assets other than the dollar, it is difficult to assess how it is really working.
