As worries about the US economy cause the dollar index to fall below 97 to its lowest level in three years, the price of Bitcoin approaches a rally to its all-time high.
Today, July 4, Bitcoin (BTC) is trading at $108,993 after falling 0.74% during the previous day. Despite the recent drop, Bitcoin may be on the verge of a surge following this year’s 11% drop in the US dollar index (DXY). Due to concerns that the US Federal Reserve will maintain steady interest rates despite a robust job market, the dollar has been losing value. As a result of this decline, traders are anticipating the future performance of the Bitcoin price.
US dollar index drops below 97 to 3-year low
Due to a number of worries that have caused traders to switch to more robust currencies and assets, the US dollar index has had a difficult start to July after falling below 97, its lowest level in three years. The US jobs data report that was made public yesterday raised one of these worries.
According to reports, the US jobs data in June was robust, and the market often expects a rise of this kind to support the dollar’s growth. But because of dashed expectations that the Fed would lower interest rates, this hasn’t happened this time.
Because many traders anticipated that the Fed would lower rates at the next FOMC meeting, the price of bitcoin likewise trembled following the revelation. But given the increased likelihood that the Fed will stick to its strict monetary policy, the dollar is probably on the verge of making another decline, which, if history is any indication, might be good for the price of bitcoin.
Furthermore, worries about a rise in the US national debt have been raised by the passage of President Donald Trump’s “one big beautiful bill,” which is hurting the US dollar’s value and boosting interest in Bitcoin.
Bitcoin price targets recovery on weakening dollar
Importantly, the price of Bitcoin has a good probability of recovering in the long run, even though it is currently displaying the same weakness as the dollar index. This is due to the fact that Bitcoin and the dollar have an inverse relationship; that is, when the dollar appreciates, the price of Bitcoin decreases, and when the DXY declines, the price of Bitcoin tends to increase.
Bitcoin’s creation of an inverse head and shoulders pattern, which indicates that the trend is going to shift from a bearish to a bullish one, increases the likelihood that these gains will occur.
Given the pattern’s height to the $108,272 support level, there is a possibility that the price of bitcoin might increase by 10% to surpass $119,000 if it closes above this level. According to this optimistic forecast for the price of bitcoin, an all-time high might emerge shortly, with the rally stemming from the declining US dollar index.
The bullish thesis mentioned above is also supported by the RSI at 58, and the price of Bitcoin may surpass the $108,272 resistance as long as there are more buyers than sellers.
The previous all-time high of $111,970 will serve as a formidable resistance, despite the bullish view indicated by the bullish pattern and the RSI. Bitcoin may see a setback whenever it tries to surpass this level since some traders want to benefit.
In conclusion, a drop in the US dollar index to its lowest level in three years raised hopes about the market for riskier assets, which may lead to further advances in the price of bitcoin. Bitcoin might rise by 10% to surpass $119,000 if the daily chart’s inverse head and shoulders pattern materializes.
Ripple XRP unlock reaches 1B with two 500M releases in July
In order to reach its July goal of 1 billion tokens, Ripple has released an extra 500 million XRP from its escrow account.
With the release of 500 million XRP on July 1 and another 500 million on July 4, Ripple’s July XRP escrow unlock took an unexpected turn. The company has now reached its 1 billion XRP goal by dividing its monthly escrow unlock into two tranches.
Ripple unlocks another 500M XRP in July escrow release
Whale Alert provided information about Ripple’s most recent 500 million XRP token unlock from its escrow account in an X post. Ripple reportedly transferred 500,000,000 tokens to an unidentified wallet, valued at $1,118,938,031, from escrow.
This XRP unlock is noteworthy because it comes after the platform recently released 500 million tokens. In two different transactions, Ripple unlocked 500 million XRP tokens, 400 million of which were then relocked into escrow, according to a CoinGape report on July 2.
Currently, the platform has successfully finished its July escrow unlock by unlocking an additional 500 million tokens. The crypto world was taken aback by this sudden split deployment, which sparked curiosity and conjecture on the platform’s approach.
The price of XRP is still down 2.78% over the last day, despite this action. At $3.12 billion, the trading volume has also dropped by a staggering 28%. But in just one month, the token has experienced a noteworthy 6% gain.
Ripple rethinks XRP reserve management
Currently, Ripple has about 5 billion XRP in liquid reserves and 36.4 billion XRP in escrow. Its strategy appears to be moving away from frequent issuance and toward strategic allocation.
Importantly, a larger change in the way XRP reserves are managed is reflected in the company’s split unlock strategy. Since March, the company has abandoned a set unlock-and-relock methodology in favor of a more flexible approach that adapts to internal demands and real-time demand. The XRP escrow is still managed via smart contracts, but Ripple is using them more flexibly to adjust to changes in the market and the growing usefulness of the asset.
Additionally, rumors have been raised by Ripple’s July relocking. The corporation holds 700 million XRP in escrow for July, despite the platform having already relocked 400 million XRP tokens. The platform’s custom of freeing one billion XRP and relocking any unused pieces, which frequently amounts to 800 million XRP, is not followed in this instance.
A more tactical approach is indicated by the move away from calendar-tied unlocks; traders and analysts must now adjust to a more flexible release plan.
Is the US Treasury eyeing XRP escrow?
CoinGape recently covered the escalating speculation that the US Treasury would seize XRP from the national reserve’s escrow. Alpha Lions Academy founder Edoardo Farina’s most recent tweet has fueled rumors even though lawyer Bill Morgan rejected them.
Buy $XRP before the U.S Treasury announces it 👀
— EDO FARINA 🅧 XRP (@edward_farina) July 3, 2025
Notably, these suspicions have been fueled in part by Ripple’s recent application for a Federal Reserve master account through Standard Custody and pursuit of a U.S. national bank charter. The company may be able to hold reserves for its RLUSD stablecoin directly at the Fed thanks to this action, which would support rumors that it is establishing itself as a major participant in a new financial infrastructure that may be connected to government-level programs.
Trump’s World Liberty Financial releases proposal to make WLFI tokens tradable
On Independence Day, World Liberty Financial launches its $WLFI token trading proposal, allowing community voting for increased market accessibility.
A proposal has been put forth by the World Liberty Financial team to allow trading of their token, $WLFI, outside of their intimate network. This decision is historic for the project and comes as the US celebrates Independence Day.
Community vote for World Liberty Financial’s WLFI token goes live on independence day
The team’s delight is reflected in World Liberty Financial’s article on X regarding this development. In keeping with the spirit of Independence Day, they referred to it as a homecoming for cryptocurrency.
From the “new crypto capital of the world,” the crew wished everyone a happy Fourth of July. Members now have the opportunity to influence this cryptocurrency’s development thanks to the active voting proposal.
Peer-to-peer transactions or secondary market trading of $WLFI will be possible if the idea is accepted. This modification would allow for greater access and involvement from the community.
This is a step in the direction of creating a more robust and transparent financial system, according to the World Liberty Financial team. The concept has been developing as World Liberty Financial continues to expand.
Over the course of the year, the project has made significant progress in both product development and collaborations. The level of brand awareness has significantly increased. Additionally, the community has called for this action to be the next step in the WLFI token’s growth.
Token transfers, governance power and long-term unlock plan comes with community vote
There are several things that will happen if the vote is successful. The team will make it possible for early backers to transfer. A second vote will decide how quickly the remaining tokens are unlocked.
Founders, team members, and advisers will therefore have an extended unlock time. This is to demonstrate their dedication to the project’s long-term success.
In this plan, early supporters are crucial. Since they originally purchased some of the $WLFI supply, this is significant. When trading starts, some of their tokens will become available.
The community’s second vote will choose the remainder. To maintain process flexibility, eligibility and timing parameters will be determined later.
Another major area of interest is the governance framework. Token owners will have more decision-making power following the vote. They have the ability to vote on Treasury actions, ecosystem incentives, and emissions. This change ushers in a new age by giving the community more authority.
In the past, World Liberty Financial expanded the global reach of its USD1 stablecoin by collaborating with leading London-based IT company Re7 Labs.
