Bitcoin has broken past $87,000, signaling a bullish market shift as it escapes a recent trading channel. This surge comes amid fears of U.S. economic policy shifts, with President Trump hinting at removing Federal Reserve Chair Jerome Powell. The weakening U.S. dollar has underlined Bitcoin's appeal as a hedge against inflation, propelling gains in sectors like gaming, AI, and memecoins. Smaller tokens, including ENJ and MAGIC, experienced significant spikes, while on-chain data indicated volatility as BTC approaches $90,000. In industry updates, Rick Wurster from Charles Schwab expressed optimism about supporting crypto trading soon. Slovenia proposed a new 25% tax on capital gains from crypto transactions slated for implementation in 2026. Furthermore, discussions around Ethereum's potential shift from EVM to RISC-V aim to address scalability issues. The global crypto market is poised for further developments, particularly as Coinbase seeks approval for XRP futures and various tokens plan critical unlocks within the coming weeks.

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