Bitcoin has reached an all-time high against the US dollar index (DXY), achieving a price of $110,500 on Coinbase, around 2% higher than its previous peak in late May. The DXY has declined by 12% since mid-January, significantly reducing its previous gains. While the index is skewed towards major currencies like the euro and British pound, Bitcoin's performance has outshined conventional assets, rising almost 12% in the past six months. Although Bitcoin's ratio with the S&P 500 and crude oil is nearing previous highs, the gold/Bitcoin ratio remains about 20% below its all-time high from late December 2024. Despite the DXY's imperfections, this marks a notable victory for Bitcoin investors as it surpasses prior value metrics against the index.

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