In what is a rather surprising development for the digital asset industry, Bitcoin has returned to the $ 88K level, with many traders who wonder why BTC is up today. In fact, the asset has jumped as both US stock market And dollars continue to tumble towards the end of April.
The asset looked to work against the ongoing reduction in the financial sector. Wall Street experienced a deterioration of its ongoing sales, as of Monday, and lost 900 points. In addition, Greenback has fallen to one Three -year was low In the midst of increased geopolitical uncertainty. However, Bitcoin seems to be exempt from that decline.
Only in: $ 88,000 bitcoin
– watcher.guru (@watcherguru) April 21, 2025
Also read: Author Robert Kiyosaki sets Bitcoin price to $ 200,000 by the end of 2025
Bitcoin jumps when the US dollar and the stock market continues picture: Why is BTC up today?
It has been quite interesting for a few weeks for Bitcoin, and it continued Monday. The asset has fought greatly in its price movement this year and did not reach the six-digit brand it hit at the end of 2024. But it has begun to return to the form and hit its highest price since US President Trump’s Liberation Day Tariff Plan-Knagning fell.
Bitcoin has actually returned to the $ 88K mark, with traders who are looking at why BTC is up so much today. Specifically, the leading Cryptocurrency has jumped more than 4% to start the week, according to Coinmarketcap. In addition, a jump of 5% continues that has taken place over the past 30 days.
Also read: Bitcoin to target $ 90,000 during the second quarter? Here’s why BTC could grow
Bitcoin is not the only asset to hover, as gold prices have continued to increase. Currently the metal is Trade to $ 3,412 and is up more than 2.95%. The movements have recycled the belief that both could be canceled to become a resort.
This is especially true because their price increase took place in the middle of US President Trump’s call for immediate and “preventive” interest rate cuts. The president reportedly investigates whether he has the ability to fire the Federal Reserve chairman Jerome Powell.
Specifically, he wants to lower interest rates as soon as possible. Still, it can be harmful to marketers. The CEO of the investment research company Macro Hive said that the move can have serious consequences.
“That would be a huge, huge shock,” he told Telegraph. “Overall, it would almost be like an apocalyptic scenario for the market.” However, the move has driven Bitcoin and gold, which is an interesting development when it comes to how investors see these assets and the time of price increases.
