Bitcoin surpassed $87,500 with a 3% increase due to rising speculation on lower interest rates fuelled by political tensions between President Trump and Fed Chair Powell. The overall crypto market saw a 3% increase and trading volume surged 40%.
Bitcoin reached $87,500 after a 3% increase, driven by political tensions between President Trump and Fed Chair Powell, increasing speculation on lower interest rates. The crypto market experienced a collective rise of 3%, indicating a resurgence of trader interest amid economic uncertainties from the Federal Reserve’s policies.
