Bitcoin briefly tops $88,000...Rapidly emerges as a safe haven amid sharp drop in U.S. stocks

As the "Sell America" phenomenon emerged in the U.S. stock market, causing all three major indexes to plummet by more than 2%, Bitcoin suddenly emerged as a safe haven, surpassing $88,000 and reaching its highest price this month.
As of 5:20 a.m. on the 22nd, Bitcoin rose 2.71% to $87,203 (about 1,228,000 yen) on CoinMarketCap, a global coin market relay site.
Prior to this, Bitcoin had temporarily surged to $88,460, hitting its highest price this month.
Ethereum, the second-largest cryptocurrency by market cap, was down 0.99% to trade at $1,575.
Ripple, the fourth largest cryptocurrency by market capitalization, fell 0.31% to $2.07. On the day, Ripple traded between a high of $2.14 and a low of $2.06.
Recently, when U.S. stocks have plummeted in the US, Bitcoin has often risen as a safe haven and risen in value.
On this day, the US stock market fell to the three major stocks as President Trump again attacked Fed Chairman Powell.
The numbers all plummeted by more than 2%.