INSUBCONTINENT EXCLUSIVE:
Key takeaways:Bitcoin (BTC) has remained within a tight range since Wednesday, marking six consecutive days with price fluctuations under 3%
This unusually low volatility has prompted traders to speculate whether a breakout could be influenced by a weakening US dollar,
must align for Bitcoin to hit $110,000.Source: x/Web3NielsAlthough many point to an inverse correlation between US dollar strength and
One such example occurred from August 2024 to April 2025.US Dollar Index (green, left) vs
Source: TradingView / CointelegraphOver those eight months, Bitcoin showed strength while the DXY index climbed to 110 from 100, and
weakened as the US dollar retraced to 104
This suggests that relying solely on a weaker dollar to explain a potential Bitcoin bull run lacks a solid basis, as both assets have shown
concurrent strength in recent history.The US economy remains a dominant force, accounting for 26% of global output
A weaker DXY index tends to benefit those companies, as their foreign income becomes more valuable when converted back into US dollars.Many
investors still classify Bitcoin as a risk-on asset rather than a fully uncorrelated financial alternative
With the Nasdaq 100 reaching an all-time high on June 30, investor confidence is rising, encouraging some to rotate out of fixed income and
into higher-risk assets, potentially including Bitcoin.Another possible catalyst for Bitcoin surpassing $110,000 is the reemergence of
The US Personal Consumption Expenditures Price Index stayed below 2.3% from March through May, following a five-month stretch of inflation
Source: Bloomberg, SaxoThe 10% import tariffs imposed by the US in April are gradually being passed on to consumers as supply chains adjust
long been promoted as an inflation hedge, especially during the 2021 bull run
Bitcoin is often described as digital gold, but its 114% gain in 2024 shows that price rallies can occur even in a low-inflation
environment.Related: Strategy buys $531M of Bitcoin as sentiment rebounds above $107KWhile not directly tied to Bitcoin itself, the
potential addition of Strategy (MSTR) to the S&P 500 index is viewed by some as a secondary driver
price.This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice