Dollar Weakness Boosts Bitcoin, But Geopolitics Limit Gains

The US dollar fell to its lowest level in early June after a series of weaker economic indicators. This decline helped Bitcoin, which rose above $64 thousand, and other cryptocurrencies like Ethereum and Solana.

Ethereum approached $1,907, while Solana remained above $75. In the last 24 hours, Bitcoin was quoted near $64 thousand dollars and rose 1.2%, Ethereum gained 1.4%, and Solana advanced 0.9%.

The relationship between the dollar and cryptocurrencies has reappeared in the markets. When the American currency loses strength, assets priced in dollars tend to receive support, especially when investors begin to consider less restrictive monetary conditions.