Bitcoin Price Targets All Time Highs As US Dollar Index Falls to Lowest Level in 3 Years

Bitcoin (BTC) is trading at $108,993 today, July 4, after dropping by 0.74% in the last 24 hours. Despite the recent decline, BTC might be headed for a rally after a decline in the US dollar index (DXY) by 11% this year. The value of the dollar has been dropping due to concerns about the US Federal Reserve leaving interest rates unchanged because of a strong jobs market. Because of this drop, traders are looking forward to how the Bitcoin price may perform.