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Fortune

Catherine McGrath

Bitcoin rebounds as the U.S. dollar weakens and Trump feuds with Fed Chair Jerome Powell

Donald Trump Bitcoin Jerome Powell US Federal Reserve Crypto Fortune

(Credit: Win McNamee—Getty Images)

Bitcoin and the rest of the crypto market surged at the start of this week as President Trump engaged in a Ethereum and Dogecoin have both gained 3% within the past 24 hours.

“Bitcoin’s move above $87,000 is a clear signal that investors are seeking refuge in decentralized assets amid rising tariffs, inflation concerns, and global economic uncertainty,” Nicholas Roberts-Huntley, CEO of crypto companies Concrete and Glow Finance, tells Fortune.

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