Bitcoin Exceeds $89,000

Son Min

Summary

It was reported that Bitcoin exceeded $89,000, showing an upward trend.
It was stated that the conflict between President Trump and the Fed was identified as a major cause of Bitcoin's rise.
It was interpreted that funds flowing out of US assets are flowing into Bitcoin.

Bitcoin (BTC) has exceeded $89,000.

As of 10 PM on the 22nd (local time), Bitcoin is trading at $89,075 on the Binance USDT market, up 2.35% from 24 hours ago.

The rise in Bitcoin is attributed to the conflict between US President Trump and the Federal Reserve (Fed). Additionally, with rumors of the dismissal of Jerome Powell, the Fed Chairman, market uncertainty is increasing, and funds flowing out of US assets are interpreted as flowing into Bitcoin.

BTC