Real Vision chief crypto analyst Jamie Coutts says declines in the DXY are historically linked to new Bitcoin price all-time highs.
Bitcoin has struggled to trade above $90,000 since falling below $95,000 on Feb. 24. The crypto asset has been subjected to severe price fluctuations over the past week, with Bitcoin’s (BTC) realized volatility, reaching its highest level since Q3 2024, according to Glassnode.
BTC annualized realized volatility. Source: Glassnode
While the market braced for further price swings ahead of the first-ever US crypto summit at the White House, analysts have also focused on the US dollar’s current plunge and its potential impact on Bitcoin.
