Bitcoin Gains 18.2% Outperforming Major Fiat Currencies

Bank of America has officially recognized Bitcoin as the top-performing currency for 2025, marking a significant shift in the financial landscape. According to the bank's report, Bitcoin has gained 18.2% since the start of the year, outperforming major fiat currencies such as the Swedish krona, which has seen a 16.4% increase, and the Swiss franc, which has risen by 14.2%. This performance places Bitcoin ahead of traditional safe-haven currencies and most G10 currencies, highlighting its growing acceptance and value in the global market.

The bank's report, titled "Winners and Losers of 2025," underscores the approval from Wall Street, which has contributed to a rapid rise in Bitcoin's price. On July 9, the price of Bitcoin surpassed $118,000, setting a new all-time high. This surge is attributed to changing expectations for global interest rates and a decline in demand for dollar assets, which has led to a 10.1% loss for the US dollar since the beginning of the year. The US dollar is now the last among the 14 asset classes listed in the bank's rankings.

Bitcoin's performance is not only a testament to its resilience but also to its potential as a store of value. Its 18.2% gain comfortably outpaces other major fiat currencies, including the euro, which has seen a 13.2% increase. This performance has led to a significant rise in Bitcoin's price, with a 3.8% increase on July 11, 2025, bringing its price to $118,667. This rise signals a resumption of the bullish trend and follows a period of steady price gains since early June. The current price is well above the mid-June range close to $100,000, indicating that momentum is increasing.

The relative strength index (RSI) for Bitcoin rose to 73.56, entering overbought territory. This reading reflects strong demand but also suggests that the asset could face short-term resistance if buying pressure eases. The RSI has not been this high since late May, when the price stalled near $110,000. This indicates that while Bitcoin's performance is impressive, there may be some volatility ahead as the market adjusts to its new highs.

Bank of America's recognition of Bitcoin as the top-performing currency of 2025 is a significant milestone for the cryptocurrency. It marks a new classification milestone and highlights the growing institutional respect for Bitcoin. This recognition is likely to further boost Bitcoin's credibility and attract more investors, both institutional and retail, to the cryptocurrency market. As Bitcoin continues to outperform traditional fiat currencies, it is clear that it is becoming an increasingly important player in the global financial landscape.