On April 21, Real Vision's chief cryptocurrency analyst Jamie Coutts stated that the growing money supply could potentially push Bitcoin's price above $132,000 by the end of the year. Bitcoin briefly broke through $87,700 for the first time in nearly three weeks since US President Trump announced reciprocal import tariffs on April 2.
André Dragosch, Head of Research in Europe at Bitwise, said: It appears that Bitcoin is rising due to the continued weakness of the US dollar, with the dollar index just reaching its lowest level since March 2022.
Ryan Lee, Chief Analyst at Bitget Research, told Cointelegraph that the weakening dollar could enhance Bitcoin's attractiveness as a safe-haven asset. (Cointelegraph)
