$BTC
It is expected that Bitcoin prices will continue to rise as the US dollar weakens.
Bitcoin has risen today as it trades around $100,000 after a leak revealed concerns about the "contagion" of digital currencies. Currently, Bitcoin is trading at $93,704, having risen by 6.39% over the past seven days.
The price of Bitcoin is rising at a time when the latest warning from the Federal Reserve regarding the US dollar could lead to a "massive" shock.
The Federal Reserve, which controls the dollar, is trying to maintain the strength of the dollar. However, now, pressures from President Trump and changes in global trade rules are weakening the dollar.
Analysts at Deutsche Bank have stated that the "prerequisites are now in place" for a significant downward trend for the dollar. They warned that there is a substantial risk of market disruptions due to the uncertainty. Goldman Sachs also stated that a weak dollar is "here to stay," according to a Forbes report.