$BTC Bitcoin is now sitting above $117,000 for the first time in its history, rising more than 60% since its lowest point in April. The exact figure? $117,080. Ether touched $3,000, before rebounding slightly to $2,800 at press time. Meanwhile, XRP surged by 5% to $2.6.

This rally is happening while the U.S. Dollar saw its steepest six-month fall since 1973, dropping nearly 11% amid a simultaneous rally in tech stocks, led by Nvidia, which just became the first company ever to hit $4 trillion. The timing of Bitcoin’s price actions lines up exactly with new warnings about U.S. debt, fiscal chaos, and an economy that’s clearly slipping.