🚀 Bitcoin recovers and surpasses $88,000! What is driving this rebound?
On Monday, April 21, 2025, Bitcoin (BTC) has experienced a remarkable rebound, reaching $88,400, its highest level since early April. This 3.9% increase coincides with a depreciation of the US dollar, amid political tensions related to former President Donald Trump's efforts to impeach Federal Reserve Chairman Jerome Powell.
🔍 Key factors of the rebound:
Weakening dollar: Political uncertainties in the US have led investors to seek refuge in assets like Bitcoin.
Increase in open interest: Open interest in BTC futures has risen by $3.1 billion, reaching $30 billion, indicating renewed institutional interest.
Positive technical outlook: Analysts suggest that if buying pressure continues, BTC could head towards $90,000–$95,000 in the coming weeks.
📊 What does this mean for investors? This rebound suggests renewed confidence in the cryptocurrency market. However, it is essential to stay informed and consider macroeconomic and political conditions when making investment decisions.
