What to know:

• President Donald Trump's reported plans to fire Federal Reserve Chairman Jerome Powell could accelerate the ongoing sell-off in USD and BTC adoption.

• Turkey's President Recep Erdogan's experience with central bank interference serves as a warning, as it led to a currency collapse and increased investment in bitcoin and stablecoins.

The week has begun on an interesting note, with the U.S. dollar crashing to three-year lows alongside losses on Wall Street, yet bitcoin (BTC), which usually follows the sentiment on Wall Street, stands resilient.

As of press time, bitcoin changed hands near $87,000, representing a 2% gain in the day.