Bitcoin profits because of weaker dollar, Worldcoin seems to turn a corner

Several recent geopolitical developments have been positive for Bitcoin’s price, not least the recent weakness of the US dollar. The largest digital currency is trading very close to its all-time high and seems poised to make another leap upwards.

Meanwhile, the tide also seems to have turned for WorldCoin, Sam Altman’s crypto project. New investment firms are buying it at a low, boosting the price 20% in a week.

Geopolitics

As Trump is announcing import tariffs and then quickly putting them on the back burner, major trade deals are still largely absent and it seems as if the US dollar will be the one paying the ultimate price. The ‘greenback’ is having a hard time in the current uncertain climate and many professional traders are therefore taking increasingly large short positions, speculating on an even lower dollar.

Against the Euro and the Pound, the Dollar is currently trading at a historic low. This fact is one of the reasons why Bitcoin has been trading very close to its ATH for several days.

Worldcoin

A notable gainer this past week was Worldcoin, which climbed more than 20% from its low of around $1. After it was announced that Worldcoin had been given permission to scan everyone’s eyeballs in the United States, two well-known investment firms decided to invest more than $130 million. This gave the price a positive boost.