The U.S. dollar’s drop to a four-year low after President Trump’s remarks has spurred rallies in Bitcoin and Ethereum, as investors shift capital toward alternative assets.
Bitcoin climbed to over $89,000 and Ethereum rose above $3,000 after the U.S. dollar index fell to 95.92, its weakest since 2022. The decline followed President Donald Trump’s comments that the dollar was “doing great,” despite its downturn, prompting traders to expect further depreciation. Bloomberg reported the Dollar Spot Index saw its steepest four-day drop since April 2025. Analysts cite budget deficits, Federal Reserve policy challenges, and bond supply pressures as factors keeping the dollar low. Historical patterns suggest dollar weakness often coincides with crypto rallies, with some analysts forecasting capital rotation from precious metals into Bitcoin.