10x Research: Bitcoin's Rise to $87,000 Driven by Decline in Dollar Index and Gold's Surge

Blockbeats reported on April 21, that Markus Thielen, Head of Research at 10x Research, stated, "Bitcoin’s rise to $87,000 seems to be driven by a significant drop in the dollar index (down 0.7% against the euro) and a 2% rise in gold, both triggered by the 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 'Federal Reserve independence'."