Trump's pressure on the Federal Reserve causes the dollar to plummet, Bitcoin begins a rebound frenzy
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Bitcoin rose about 3% on Monday, reaching $87,600, marking its highest level since Trump announced reciprocal tariffs. The dollar plummeted due to market concerns over Trump's attempt to remove Federal Reserve Chairman Powell, with the dollar index falling to its lowest point since January 2024. Meanwhile, gold prices surged again, reflecting investors' demand for safe-haven assets. Analysts pointed out that the weak dollar drove the rise in cryptocurrencies, but insufficient liquidity could lead to an exaggerated upward trend
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