Bitcoin’s Bullish Trajectory Amid U.S. Dollar Weakness
Bitcoin’s price surge shows no signs of slowing down as it approaches the $100,000 milestone, fueled by a weakening U.S. dollar and growing institutional interest. Analysts highlight the cryptocurrency’s resilience amid broader financial uncertainties, positioning it as a hedge against traditional market risks.
Bitcoin Price Surge Set to Continue as U.S. Dollar Weakens
Bitcoin staged a robust recovery, climbing toward the $100,000 mark amid growing concerns over crypto ’contagion’ risks. The cryptocurrency now trades at $93,704, marking a 6.39% gain over the past week.
The rally coincides with mounting pressure on the U.S. dollar, as analysts from Deutsche Bank warn of ’preconditions for a major downtrend.’ Federal Reserve efforts to maintain dollar strength face headwinds from political interventions and shifting global trade dynamics. Goldman Sachs echoes concerns, suggesting dollar weakness may persist.
Bitcoin Could Reach $210K by 2025, Says Presto Research
Bitcoin may surge to $210,000 by 2025, according to Peter Chung, head of research at Presto. In a CNBC interview on April 28, Chung attributed this potential rally to increased institutional adoption—including corporations and even nation-states—alongside global liquidity expansion. "This correction has paved the way for Bitcoin’s re-rating as a mainstream asset," he noted.
The crypto market in 2024 saw divergent trends: meme coins outperformed while venture-backed tokens struggled amid inflation concerns. Real World Assets (RWAs) emerged as a key theme, bridging traditional finance with blockchain infrastructure. Presto’s team accurately anticipated several of these macroeconomic and sectoral shifts.
Coinbase to Launch Bitcoin Yield Fund for Non-US Investors
Coinbase Asset Management is set to introduce a Bitcoin Yield Fund targeting non-U.S. institutional investors, with a planned launch on May 1. The fund aims to deliver an annualized net return of 4% to 8%, paid in Bitcoin, using a cash-and-carry basis trade strategy rather than traditional staking.
The strategy capitalizes on price discrepancies between spot Bitcoin and perpetual futures contracts, a method that tends to perform well in rising markets. This move underscores Coinbase’s push to expand its institutional offerings amid growing demand for crypto yield products.
MicroStrategy’s Bitcoin Acquisition Spree Continues with $1.42B Purchase
MicroStrategy, now rebranded as Strategy, has further cemented its position as the largest corporate holder of Bitcoin with its latest acquisition of 15,355 BTC. The $1.42 billion purchase marks the firm’s second consecutive weekly buy and third major accumulation in five weeks.
The company paid an average of $92,737 per Bitcoin, continuing executive chairman Michael Saylor’s aggressive dollar-cost averaging strategy. This move comes amid growing institutional interest in cryptocurrency as a treasury reserve asset.
Strategy’s total Bitcoin holdings now approach 200,000 BTC, worth approximately $18.5 billion at current prices. The consistent buying pattern demonstrates unwavering conviction in Bitcoin’s long-term value proposition despite market volatility.
Standard Chartered Predicts Bitcoin Rally to $120K by Q2 2025
Standard Chartered’s digital assets division projects Bitcoin will reach $120,000 by mid-2025, citing macroeconomic tailwinds and on-chain metrics. Geoffrey Kendrick, the bank’s global head of digital assets, points to the US Treasury term premium’s 12-year high as a key driver for capital rotation into crypto.
The analysis suggests Bitcoin’s correlation with traditional finance indicators remains strong despite its decentralized nature. Institutional interest continues growing as Treasury yields push investors toward alternative stores of value.
Bitcoin Price May Hit $210K This Year According to Presto Research Head Peter Chung
Bitcoin could surge to $210,000 this year, according to Peter Chung, Head of Research at quantitative trading firm Presto. Growing institutional adoption and expanding global liquidity are cited as key drivers behind this bullish outlook.
Despite periodic turbulence, Chung views market corrections as necessary steps toward Bitcoin’s broader acceptance as a mainstream financial asset. He describes Bitcoin as having a dual character—acting as a "risk-on" asset during periods of market confidence.
