Bitcoin (BTC) price climbed to its highest level since early March, trading above $88,800 as the cryptocurrency market capitalization expanded amid growing concerns over Federal Reserve (Fed) independence following President Donald Trump's renewed criticism of Fed Chair Jerome Powell.

Moreover, the newest Bitcoin price prediction from Robert Kiyosaki suggest, that the oldest and biggest cryptocurrency may more than double its current value this year, reaching a range between $180,000 and $200,000.

Bitcoin Price Is Going Up Today. BTC Hits The Highest Levels In 6 Weeks

The world's largest cryptocurrency by market value has erased nearly all losses sustained since Trump's April 2 tariff announcements, which had previously sent global markets tumbling. The digital asset's recovery coincides with significant weakness in the U.S. dollar and strong inflows into Bitcoin exchange-traded funds (ETFs).

Bitcoin's price stood at $88,411 as of Tuesday morning, representing a 0.91% increase over the past 24 hours and approximately 3% growth over the past week, according to data from CoinMarketCap. However, the intraday high was set at $88,874, the highest level since early March, The total cryptocurrency market capitalization now stands at $1.76 trillion, with Bitcoin trading volume reaching $38.9 billion in the past day.

Alongside Bitcoin, other cryptocurrencies are also gaining. Ethereum (ETH) is currently up over 3% and trading above $1,620. XRP is rising by 0.6% and is testing the $2.10 level. Meanwhile, the meme-inspired Dogecoin (DOGE) is up 2.6% and is now trading above 16 cents.

"USD weakness is driving the rally in crypto," said Sean McNulty, derivatives trading lead of APAC at digital-asset prime brokerage FalconX. However, he noted that "thin holiday liquidity in crypto markets is causing the move to be exaggerated," as Monday was a holiday in many nations despite U.S. markets remaining open.

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Dollar Slides as Trump Questions Fed Independence

The dollar hit its lowest point since January 2024 after National Economic Council Director Kevin Hassett revealed on Friday that Trump is exploring whether he has the authority to remove Powell from his position. The president further intensified pressure on Monday, warning that the U.S. economy could slow if the Federal Reserve does not immediately reduce interest rates.

These comments have rattled financial markets, with U.S. stocks closing in the red on Monday. The S&P 500 fell 2.4%, while both the Nasdaq and Dow Jones dropped 2.5%. In contrast, cryptocurrency markets maintained gains made over the holiday weekend.

Market analysts suggest this divergence highlights Bitcoin's evolving role as a potential safe-haven asset. The cryptocurrency's rally has coincided with gold reaching fresh record highs, further emphasizing investor demand for assets perceived to hedge against inflation and economic uncertainty.

Why Is Bitcoin Going Up Today? BTC Price Technical Analysis

Based on my technical analysis, Bitcoin is approaching the upper boundary of the consolidation range it has been in since late February. The lower limit is defined by the March–April lows around $76,500, while the upper boundary lies near $88,800, aligning with the January lows.

A breakout above this consolidation zone is essential for Bitcoin to attempt a move toward the upper edge of a broader consolidation that formed between November and February, near the all-time highs.

Although BTC/USDT has yet to break through this resistance level, it is worth noting from a bullish perspective that the pair has exited the bearish regression channel that had capped gains for the past three months.

What scenario do I expect for BTC at this stage? A short-term pullback following the current resistance test, but ultimately a breakout to the upside. The outlook may unfold as illustrated in the chart below:

ETF Inflows Signal Renewed Institutional Interest

U.S.-based Bitcoin ETFs recorded their largest day of net inflows since late January, with a combined $381.3 million flowing into the funds on April 21. The ARK 21Shares Bitcoin ETF (ARKB) led with $116.1 million in new investments, followed by the Fidelity Wise Origin Bitcoin Fund (FBTC) with $87.6 million.

BlackRock's iShares Bitcoin Trust ETF (IBIT), the largest of the group by assets under management, saw net inflows reach $41.6 million, while Grayscale's Bitcoin products attracted a combined $69.1 million.

Bitcoin Price Predictions Vary Widely Among Experts

As Bitcoin approaches the $90,000 mark, market observers are offering varied forecasts for its future performance. Robert Kiyosaki, author of "Rich Dad Poor Dad," recently stated he "strongly believes Bitcoin will reach $180,000 to $200,000 in 2025."

Additionally, a few days ago I highlighted another bullish forecast from Robert Kiyosaki, who projects that Bitcoin could reach a price of one million dollars within the next decade, by 2035.

BITCOIN is $84k today. Strongly believe Bitcoin will reach $180k to $200k in 2025.

What do you think?

— Robert Kiyosaki (@theRealKiyosaki) April 20, 2025

The cryptocurrency has shown remarkable resilience following its recovery from the April lows of $74,773, which occurred days after Trump announced widespread tariffs that initially spooked markets.

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Why Is Bitcoin Surging? BTC’s Long-Term Outlook

Looking beyond immediate price movements, analysts are assessing Bitcoin's potential trajectory over the coming years. Current market consensus suggests Bitcoin could reach six-figure valuations by year-end if institutional adoption continues at its current pace.

Bitcoin Price Prediction 2025 Table

FAQ: Bitcoin Price and Investment Questions

Why is Bitcoin price increasing?

Bitcoin's current price increase appears driven by several factors: dollar weakness following Trump's criticism of the Federal Reserve, strong inflows into Bitcoin ETFs signaling institutional interest, and Bitcoin's growing perception as a potential safe-haven asset during economic uncertainty. The cryptocurrency is also benefiting from its limited supply mechanism as demand increases.

What if I bought $1 of Bitcoin 10 years ago?

If you had purchased $1 worth of Bitcoin in April 2015, when Bitcoin was trading at approximately $245, that investment would now be worth about $360, representing a return of 36,000%. This calculation is based on Bitcoin's current price of around $88,400.

How much will 1 Bitcoin cost in 2025?

Predictions vary widely, but several analysts project Bitcoin could reach between $100,000 and $200,000 by the end of 2025. Robert Kiyosaki recently predicted Bitcoin could reach $180,000-$200,000 this year. However, these forecasts should be viewed cautiously as cryptocurrency markets remain highly volatile.

What is the realistic Bitcoin price in 2030?

Long-term Bitcoin price predictions suggest the cryptocurrency could trade anywhere from $250,000 to $1 million by 2030, depending on adoption rates, regulatory developments, and macroeconomic conditions. More conservative estimates place Bitcoin in the $250,000-$500,000 range by the end of the decade.

What will 1 Bitcoin be worth in 2050?

Projections for Bitcoin's value in 2050 are highly speculative. Some maximalist perspectives suggest Bitcoin could reach multi-million-dollar valuations if it becomes a global reserve asset. More moderate forecasts suggest a range between $1 million and $5 million per Bitcoin, accounting for inflation and increased adoption.

Can Bitcoin hit 1 million?

Many analysts consider $1 million per Bitcoin possible in the long term, particularly if institutional adoption continues and Bitcoin establishes itself as a mainstream store of value. This milestone would represent approximately 11 times its current value. Factors that could support this include continued fiat currency devaluation, increased institutional adoption, and Bitcoin's fixed supply of 21 million coins.