$BTC
Bitcoin Surges Above $90,000 Amid Dollar Weakness and ETF Inflows
Bitcoin price has broken past the $90,000 mark, reaching levels not seen since early March.
This surge is happening despite a downturn in traditional stock markets like the S&P 500, indicating a potential divergence.
Analysts attribute this rise to increasing skepticism towards the US dollar and consistent inflows into Bitcoin ETFs, signaling strong institutional interest.
Gold is also experiencing a rally, reaching record highs, which some experts interpret as a parallel sign of distrust in the dollar.
A weakening Dollar Index (DXY) is further supporting Bitcoin's upward momentum, making it more attractive to investors seeking alternative assets.
