#BTCRebound Bitcoin has powerfully returned to the spotlight, recording a remarkable rise exceeding $87,600 on Monday morning, its highest level since the beginning of April. This increase came amid escalating political and economic tensions in the United States, alongside renewed attacks from U.S. President Donald Trump on Federal Reserve Chairman Jerome Powell, leading to a sharp decline in the dollar index.
Since Trump's announcement of 'Liberation Day' and the imposition of reciprocal tariffs, global markets have witnessed turmoil, but Bitcoin, along with gold, has presented itself as a safe haven amid the erosion of confidence in the dollar.
Sean McNulty, head of derivatives trading in Asia at FalconX, stated that 'the weakness of the dollar is the primary driver of the cryptocurrency surge,' noting that low liquidity in crypto markets has contributed to amplifying this rise.
In this context, gold prices have soared to record levels, while U.S. Bitcoin exchange-traded funds (ETFs) have seen notable positive inflows, despite some fluctuations in major funds like FBTC and ARKB. Conversely, funds like IBIT and BITB have made massive profits.
Bitcoin has risen by more than 16% since the beginning of April, strengthening its position as a true 'digital gold' in times of economic tension.
Are we on the brink of a historic upward wave, or has the storm not yet blown? Follow our daily analyses to stay at the heart of the event.
#Bitcoin #Gold #ترامب #الدولار
