Bitcoin has taken center stage in global markets once again, emerging as the top-performing currency of the year according to a new Bank of America report.
With its price surging to a record high above $118,000 this week, the world’s largest cryptocurrency has now outpaced every major fiat currency in year-to-date gains.
Bank of America’s latest “Cross-Asset Winners & Losers” analysis, published July 9, highlights Bitcoin’s 18.2% rally since the beginning of 2025. This performance outshines traditional currencies including the Swedish krona, Swiss franc, and the euro, all of which posted strong gains, but ultimately fell short of Bitcoin’s lead.
In contrast, the U.S. dollar—long considered a global safe haven—has slipped to the bottom of the rankings, showing a 10.1% decline this year. Analysts cite shifting interest rate dynamics and waning appetite for dollar-backed assets as key factors behind the slide.
This recognition from one of Wall Street’s biggest institutions adds fresh legitimacy to Bitcoin’s role in the global financial system, particularly at a time when digital assets are increasingly seen as a hedge against monetary uncertainty.
With Bitcoin breaking new ground and outperforming legacy currencies, its narrative as a digital alternative to traditional fiat is gaining further momentum among both institutional players and retail investors.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced financial journalist and cryptocurrency enthusiast. With over 8 years of experience covering the crypto, blockchain, and fintech industries, he is well-versed in the complex and ever-evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His approach allows him to break down complex ideas into accessible and in-depth content. Follow his publications to stay up to date with the most important trends and topics.