(Bloomberg) – Bitcoin (BTC-USD) has reached its highest level since the release of Donald Trump’s “Liberation Day” tariffs.
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Data compiled by Bloomberg shows that Singapore rose about 3% on Monday morning to around 3%, up about 3% to the top $87,600, up about 3%, according to data compiled by Bloomberg. This has maintained most of the losses since Trump’s April 2nd mutual tariff announcement, causing global markets to be disrupted.
8:57:00am UTC. Market open.
The rebound comes when the dollar and US stock index futures fell Monday after the president’s criticism of the Federal Reserve raised concerns about independence. The dollar gauge has reached its lowest point since January 2024 after director Kevin Hassett, director of the National Economic Council, said on Friday he was studying whether Trump could fire Powell.
Bitcoin’s recovery coincided with another surge in gold, which climbed to a fresh record, further highlighting investor demand for perceived safe havens and inflation hedged assets.
“The weakness of USD is driving crypto-meetings,” said Sean McNulty, APAC’s derivatives trading lead at Digital-Asset Prime Brokerage Falconx. However, he added that the “thin holiday liquidity” of the crypto market “exaggerates the movement.”
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