Mars Finance News, on April 21, Markus Thielen, Research Director of 10x Research, stated, "Bitcoin's rise to $87,000 seems to be jointly driven by the significant drop in the US dollar index (falling 0.7% against the euro) and gold's 2% increase, both triggered by news of Trump pushing to replace Federal Reserve Chairman Powell. Although a US-Japan trade agreement may be about to be announced, the real key catalyst is market concerns about 'Federal Reserve independence'."
10x Research: Bitcoin's rise to $87,000 may be driven by a decline in the US dollar index and a rise in gold
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