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Bitcoin price today trades near $88,200 after rejecting the $89,000 resistance zone for the third time this month. The move follows a sharp dollar rebound and continued strength in gold, which topped $5,500 an ounce earlier this week. BTC remains roughly 30 percent below its October peak while metals and equities sit near record highs.

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MetaMask, the world’s most widely used Ethereum wallet provider, is introducing its own stablecoin pegged 1:1 to the U.S. dollar. The token, named MetaMask USD (mUSD), is expected to go live by the end of August 2025, according to sources familiar with the matter.

The US Dollar Index (DXY) has fallen significantly this year, down about 10 points. This marks its sharpest six-month drop since 1991, which is often good news for Bitcoin and other cryptocurrencies since digital assets usually serve as a hedge against dollar depreciation.

Gold, silver, and Bitcoin are all posting massive year-to-date gains in what looks like a clear shift away from paper currency and toward hard assets. This trend is heating up as the U.S. dollar is under pressure ahead of a critical later today that could influence the Federal Reserve’s next move on interest rates.

Billionaire investor Ray Dalio has warned that the United States is locked into a worsening debt trajectory. After recent meetings with lawmakers in Washington, Dalio joined other business leaders in predicting a potential crisis within the next decade. Many in the crypto space see this as another signal to move away from fiat and into digital assets.

Economist Peter Schiff has challenged the Coin Edition’s assertion that Bitcoin serves as an effective hedge against dollar weakness. The Dollar Index has fallen below 96.5, prompting Schiff to warn about potential consumer price increases in 2026 without immediate Federal Reserve intervention.

The US Dollar Index (DXY) has plunged about 10.8% in the first half of 2025, marking its worst start to a year since 1973.

The Solana-based memecoin launchpad Pump.fun has pushed back its highly anticipated public token sale to mid-July. The delay follows a series of postponements and comes as the platform contends with a growing storm of legal challenges, including a class-action lawsuit that alleges market manipulation and intellectual property violations.

Bitcoin has climbed to become the world’s 8th-largest currency by market capitalization. It has surpassed the Taiwan Dollar with this milestone. With a current market cap of $2.18 trillion, Bitcoin now ranks ahead of Taiwan’s currency, which holds a $2.17 trillion valuation.