Bitcoin Surges Past $88,500 Amidst Trump’s Fed Criticism

A surge in Bitcoin price to exceed $88,500 occurred on April 21, 2024, fueled by increased ETF inflows following former President Donald Trump’s critical remarks about the Federal Reserve. This follows a pattern of investors seeking refuge in Bitcoin during periods of political and economic uncertainty. Trump’s comments further bolstered institutional confidence and drove significant investment into crypto assets. A record $381.4 million flowed into US spot Bitcoin ETFs, with ARK 21Shares leading the influx. These events have solidified Bitcoin’s position as a safe-haven asset within a volatile macro environment.