On April 21, 2025, Bitcoin experienced a significant uptick, rising over 3% to reach $87,518. This surge coincided with the U.S. dollar plummeting to a three-year low, following President Donald Trump’s public criticism of Federal Reserve Chair Jerome Powell and discussions about potentially dismissing him.
The dollar’s decline has prompted investors to seek alternative assets, with Bitcoin and gold emerging as preferred safe havens. Gold prices also soared, hitting a record high of $3,370.17 per ounce.
Altcoins mirrored Bitcoin’s performance, with Ethereum rising 2.6% to $1,647.57, XRP increasing 2.7% to $2.1276, and Cardano advancing 3%.
