Bitcoin Soars Past $87,600 as Trump Threatens Powell’s Removal, Market Panic Engulfs Global Finance

Bitcoin experienced a significant surge, breaching the $87,600 mark on Monday morning in Singapore following President Donald Trump’s threat to fire Federal Reserve Chair Jerome Powell. This move aimed to undermine the US dollar and ignited panic across global financial markets. This price surge marked Bitcoin’s second consecutive week of positive momentum. Notably, Gold also reached a record high as investors sought refuge in safer assets amidst market instability.