10x Research: Bitcoin rises to $87000, possibly driven by both the decline of the US dollar index and the rise of gold
BlockBeats news, on April 21st, Markus Thielen, head of research at 10x Research, stated that "Bitcoin's rise to $87000 seems to be driven by a significant drop in the US dollar index (down 0.7% against the euro) and a 2% rise in gold, both of which were triggered by Trump's push to replace Federal Reserve Chairman Powell. Although the US Japan trade agreement may be about to be announced, the real key catalyst is market concerns about the 'independence of the Federal Reserve'