Bitcoin Soars Above $87k Amid Trump's $5B Gulf Reconstruction Proposal
The price of Bitcoin surged past $87,000 on Monday as investors reacted to news that Donald Trump's administration has proposed a $5 billion plan to rebuild Gulf sites damaged during the Iran war.
The move is seen as an attempt to boost risk sentiment and improve investor confidence in the market.
Bitcoin's price increase is part of a broader crypto rally, with other top cryptocurrencies like BNB and DOGE also seeing significant gains.