Bitcoin Hits $87,000 Again, And It’s Making Investors Dance with Joy 💃

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Ah, Bitcoin. Once again, it’s making its dramatic return, this time above $87,400 on April 21, the highest point since March 28. Who would’ve thought? The king of digital currencies, as CoinMarketCap puts it, has bounced back by over $3,000 from its April 20 low of $84,050, like a cat who landed on its feet. The market, clearly, is getting back in shape after its little hiatus.

In a stunning twist, after flirting with the $75,000 mark on April 9, Bitcoin has surged by more than 16%. It’s now just 20% away from its all-time high, sparking joy among those who’ve been holding on to their bags of virtual gold. The bulls are back in town, folks. 🐂

“Bitcoin is breaking out,” says Scott Melker, aka “The Wolf of All Streets,” as if Bitcoin had just won the lottery. Meanwhile, Nasdaq futures are looking a little less lively, dropping 1%. Analysts, ever so busy, have pointed out that Bitcoin is now perched on top of its two-month range, looking mighty proud of itself.

Interestingly enough, Bitcoin’s little rally has found a friend in gold. For the first time in years, their narratives are syncing up—perhaps they’re texting each other now. The Kobeissi Letter highlighted this newfound friendship, while gold continues to hit new all-time highs, proving that a weakening US dollar and global uncertainties are the real party planners. 🥂

Speaking of the dollar, its index (DXY) has slipped by 10% since 2025 began, as trade tensions keep everyone on edge. According to Geiger Capital, Bitcoin seems to be shaking off its dependence on traditional markets, like a teenager who just discovered their independence.

Just when analysts thought Bitcoin was headed to $83K, it pulled off a little surprise. Rekt Capital, ever the optimist, noted that Bitcoin didn’t just escape its downtrend—it turned it into support. A true virtuoso move, if you ask me.

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2025-04-21 07:34