$BTC

Bitcoin is making waves this Monday, April 21, 2025, rising to about $87,440.

So, what is driving this surge?

1. Weaker US dollar: The dollar has taken a hit, reaching its lowest point against the yen since September. This decline is largely attributed to President Trump's intensified criticism of the Federal Reserve and discussions about a potential replacement for Fed Chairman Jerome Powell. Such political tensions have eroded investor confidence in American assets, causing a shift towards alternative safe havens like Bitcoin and gold, the latter reaching record levels.

2. Institutional investment and ETF inflows: Institutional interest in Bitcoin is on the rise. Notably, the Japanese investment firm Metaplanet recently purchased an additional 330 BTC for $28.2 million, bringing its total holdings to 4,855 BTC. Furthermore, US spot Bitcoin ETFs have seen net inflows, indicating renewed confidence among institutional investors.