The second half of May has proven to be a big plus for the Cryptocurrency market. Still, it can be set to be even better for the leading crypto with market cases. With bitcoin reaching a new high price of $ 111,000 Standard -chartered bank Have recently theorized that an ongoing case of US dollars can stimulate an even bigger BTC rally.
Greenbacken has fought greatly so far in 2025 for various reasons. Macroeconomic pressure and geopolitical tensions have left the global reserve currency to three years lows. It may prove to be an advantage for the digital asset sector and Bitcoin price specifically.
Bitcoin sat for 2nd all the time in 2025? Standard Chartered says US Dollar can make it happen
In a recent speech, US vice president JD Vance says the country did not believe that “Bitcoin is competing with the US dollar.” Still, it does not seem to be a perspective shared by many in the financial sector. Specifically, one of the most prominent banks in the world has noted that the two assets have a negative relationship.
US Dollar Index (DXY) has thrown over 10 points since the beginning of the year, according to Tradingview data. In addition, this is the biggest case since 2022, with all eyes on what it can mean for the financial markets. It can be an advantage for Bitcoin, as Standard Chartered noted that the American dollar’s last decline can run another BTC rally.
Also read: BRICS: Standard Chartered, Deutsche Bank predicts American Dollar’s future
In essence, he says that the US debt can drive foreign creditors to demand higher risk premiums. This would then cause higher government rates with a weaker dollar. All in all, it would weigh heavily on the fortification of US debt.
With Greenbacken that is increased downside risk, a hedge is a necessity for investors. This is where Bitcoin comes in. “I think Bitcoin is a hedge against both Tradfi and the US Beincrypto. Therefore, if the dollar continues to fall, BTC may be in line for another driving.