10x Research: Bitcoin may rise to $87,000 due to the combined effects of the fall in the dollar index and the rise in gold.

According to BlockBeats news, on April 21, Markus Thielen, the research director of 10x Research, stated that “Bitcoin has risen to $87,000, seemingly driven by a significant decline in the US dollar index (down 0.7% against the euro) and a 2% increase in gold, both of which were triggered by news of Trump pushing to replace Federal Reserve Chairman Powell. Although a US-Japan trade agreement may be announced soon, the real key catalyst is the market’s concern over the ‘independence of the Federal Reserve.’”