#BTCRebound Bitcoin has returned to the spotlight strongly, recording a remarkable increase exceeding $87,600 on Monday morning, its highest level since the beginning of April. This rise came amidst escalating political and economic tensions in the United States, amid 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 experienced turmoil, but Bitcoin, along with gold, has presented itself as a safe haven amidst 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 contributed to amplifying this rise.
In this context, gold prices have reached record levels, while Bitcoin exchange-traded funds (ETFs) in the United States have seen notable positive inflows, despite some volatility in major funds like FBTC and ARKB. In contrast, funds like IBIT and BITB have achieved massive profits.
Bitcoin has risen by more than 16% since the beginning of April, reinforcing its position as a true 'digital gold' in times of economic stress.
Are we on the brink of a historic upward wave, or has the storm not yet hit? Follow our daily analyses to stay at the heart of the event.
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