Bitcoin +5.2% has swung wildly in recent weeks, bouncing around $60,000 per bitcoin as traders brace for a China earthquake.

The bitcoin price has dropped back from its all-time high of over $70,000 set in March as fears mount over the U.S.'s spiraling $35 trillion debt pile and billionaire Elon Musk warns of U.S. dollar "destruction" that could "bankrupt" the country.

Now, after former president Donald Trump floated a radical plan to wipe out U.S. debt, the U.S. dollar has hit its lowest level since the start of the year, sparking fears of further collapse and potentially feeding a bitcoin price boom.