Why Bitcoin Hits $88K Amid Dollar Slump Driven by Trump’s Economic Policies
A significant change that emphasises the digital asset’s increasing function as a safe haven in unstable economic conditions, Bitcoin reaches $88K during a dollar decline. BTC’s price gradually rose during the Easter weekend, finally crossing the $88,000 threshold on Monday when the U.S. dollar reached a three-year low. This increase in Bitcoin’s price coincides with growing worldwide investor worries about U.S. monetary and fiscal policy under President Donald Trump.
Market statistics show that Bitcoin climbed 4.48% in the last 24 hours to $88,260.09. Driven by increasing institutional interest and more general market confidence, BTC has risen 5.08% over the last seven days. Ranging from $84,281.02 to $88,460.10, the cryptocurrency showed resilience even in a high-volatility environment during the period.
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Trading volume increased significantly with this reinvigorated drive; it reached $34.41 billion, a 133.17% rise from the prior day. Much of this can be ascribed to a usual post-weekend trade rise. Bitcoin’s total market capitalisation also increased 4.15% to $1.74 trillion, therefore confirming its position as the top digital asset. Reflecting increased investor trust in the currency, BTC’s dominance also climbed to 64.30%, up 0.67%.
Rising by 11.45% to $61.89 billion, Coinglass shows a significant rise in open interest in Bitcoin futures. This implies a desire to participate in leveraged situations and a positive view from investors. Surprisingly, liquidations were low—only $460,490 total—showing the market’s mature and measured reaction despite the increase in trading activity.
Much of this increase can be linked to macroeconomic pressures resulting from President Trump’s contentious policies. Financial circles have been alarmed by his ongoing threats to oust Federal Reserve Chairman Jerome Powell and his condemnation of him. Trump’s April 10 remarks, in which he ridiculed Powell for being “too late” to lower interest rates, raised questions about central bank independence and the more general stability of the United States economy.
Trump, on the other hand, has kept pushing for strong monetary easing even as he praises low inflation figures. This has pushed people away from the currency and into investments such Bitcoin and gold. While gold touched an all-time high and Bitcoin reached $88K, the U.S. Dollar Index (DXY) has fallen to its lowest point in three years.
Many investors now see Bitcoin as a digital substitute to gold—a hedge against inflation and bad currency policy as foreign capital leaving U.S. assets and alternative investments gaining traction. Should present trends continue, Bitcoin might become even more legitimate in the eyes of institutional investors while the U.S. dollar runs the risk of losing its standing as the worldwide reserve currency.
The consequences are significant. During times of economic instability, Bitcoin’s design as a decentralised, deflationary asset gives it a particular advantage. The story of Bitcoin hits $88K during dollar fall might change into a more general transfer of financial power as long as conventional policy is erratic.
