According to CoinMeta, BIT released an analysis report stating that a weaker dollar and a re-pricing of interest rate expectations are beneficial for gold and Bitcoin. BIT monitoring indicates that gold is in a bottoming-out phase, and it is judged that the Federal Reserve will not raise interest rates this year. BIT believes that once the market accepts this expectation, gold will strengthen driven by technical factors, diversification of dollar reserves, and a re-pricing of interest rate expectations. The weakening of the dollar has prompted traders to lower their expectations for interest rate hikes.