- Bitcoin reaches $87,500, its highest in 45 days.
- Gold prices surge past $3,400 amid market volatility.
What happened: Bitcoin and gold rally as dollar weakens
On April 21, 2025, Bitcoin‘s price climbed to $87,500, marking its highest level in 45 days. This increase coincided with a decline in the U.S. dollar, which fell 1.2% against major currencies, reaching its lowest point since April 2022.
Simultaneously, gold prices surged to a record high of $3,430 per ounce. Investors turned to gold as a safe-haven asset amid escalating trade tensions and concerns over the Federal Reserve’s independence.
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Why it’s important
The concurrent rise in Bitcoin and gold prices reflects investor responses to economic uncertainties and geopolitical tensions. The weakening U.S. dollar has prompted a shift towards assets perceived as stores of value.
Bitcoin’s ascent to $87,500 indicates renewed interest in cryptocurrencies as alternative investments. Meanwhile, gold’s surge past $3,400 underscores its enduring appeal during periods of financial instability.
