As of April 21, 2025, Bitcoin has surged past $87,000, marking a new yearly high. Analysts point to escalating political tensions in the United States and a declining U.S. dollar as key factors behind this surge.
President Donald Trump’s growing criticism of Federal Reserve Chair Jerome Powell has raised doubts about the Fed’s independence. Speculation over Powell’s potential dismissal has shaken market confidence, driving the dollar index to a three-year low.
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Global market reaction overview
Amid this uncertainty, investors are turning to alternative assets. Bitcoin and gold have both rallied, with crypto markets seeing strong inflows.
Details via BNN Bloomberg
Institutional demand continues to support the rally. Spot Bitcoin ETFs recorded over $230 million in net inflows last week, and Japanese firm Metaplanet announced a further expansion of its BTC holdings.
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As the dollar weakens and political uncertainty deepens, Bitcoin’s role as a hedge against traditional instability appears to be gaining strength.
