Bitcoin Soars as US Dollar Weakens Amid Record Deficit

Bitcoin Soars as US Dollar Weakens Amid Record Deficit
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As the U.S. federal deficit hits $316 billion in May, investors are flocking to Bitcoin and gold as inflation hedges. The U.S. Dollar Index continues to plummet, while Bitcoin surges to new all-time highs, signaling a macroeconomic shift.

  • Bitcoin hits $123,000 as the U.S. Dollar Index collapses to record lows.
  • BTC ETFs capture 70% of gold ETF inflows, signaling shifting investor preferences.
  • S&P 500 declines 15% against Bitcoin YTD, reflecting crypto's growing dominance.
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