On Monday, April 21, 2025, the price of Bitcoin ($BTC ) experienced a significant spike, breaking through the $87,000 level and reaching a peak of $88,000. This increase was driven by a combination of macroeconomic and geopolitical factors that prompted investors to turn to safe-haven assets like Bitcoin.

Reasons for Today's Bitcoin Price Increase

• Weakening US Dollar and Tensions with The Fed

US President Donald Trump once again launched sharp criticism against the Federal Reserve and Chairman Jerome Powell, raising concerns about the independence of the central bank. As a result, the US dollar weakened, prompting investors to seek alternatives like Bitcoin and gold as safe-haven assets.

• Geopolitical Uncertainty and Trade War

Trade tensions between the US and China escalated after China threatened to retaliate against countries supporting US tariff policies.