Bitcoin Exceeds $88,000

Son Min

Summary

Bitcoin exceeded $88,000, rising 4.34% from 24 hours ago.
President Donald Trump's pressure on the Federal Reserve is said to have caused the dollar's value to drop.
It was added that Bitcoin has historically had an inverse relationship with the dollar's value.

Bitcoin (BTC) has exceeded $88,000.

As of 11:24 PM, Bitcoin is trading at $88,134 on the Binance USDT market, up 4.34% from 24 hours ago.

This is attributed to U.S. President Donald Trump putting renewed pressure on Jerome Powell, the Federal Reserve Chair, leading to a decline in the dollar's value. Historically, Bitcoin is known to have an inverse relationship with the dollar.

BTC

Son Min

sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit

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Bitcoin Exceeds $88,000

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