Bitcoin Surpasses $90,000

Son Min

Summary

It was reported that Bitcoin surpassed $90,000, showing a strong trend.
It was stated that due to the conflict between Trump and the Fed, funds are leaving U.S. assets and flowing into Bitcoin.
The record high of gold prices and the increase in global liquidity are having a positive impact on Bitcoin.

Bitcoin (BTC) has surpassed $90,000.

As of 10:41 PM on the 22nd (local time), Bitcoin is trading at $90,180 on the Binance USDT market, up 3.13% from 24 hours ago.

The rise in Bitcoin is attributed to the sell-off of U.S. assets due to the conflict between President Trump and the Federal Reserve (Fed).

QCP Capital reported, "Due to Trump's persistent demands for rate cuts and rumors of Fed Chair Jerome Powell's dismissal, there is a massive outflow of funds from U.S. stocks, bonds, and dollars," and "Funds withdrawn from U.S. assets are flowing into Bitcoin."

The record high of gold prices (at $3,500 per ounce) and the increase in global liquidity are also acting as favorable factors for Bitcoin. Virtual asset analyst Cas Aave said, "Historically, after gold hits a new high, Bitcoin tends to follow suit," and "The record high in global M2 (a liquidity indicator including cash, demand deposits, and time deposits under two years) will also be a significant positive for Bitcoin fund inflows."

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