Bitcoin Rises Past $89,000 While Dollar Falls on Trump’s Remarks

Bitcoin climbed on Tuesday as the U.S. dollar dropped to multi-year lows following comments from President Donald Trump.

Speaking ahead of a speech in Iowa, Trump said the dollar is “doing great” and expressed no concern about its recent decline. His remarks pushed the U.S. dollar index (DXY) down to 95.80, its lowest level in about four years.

Bitcoin (BTC $85,218.71) traded below $88,000 for much of the session before rising to $89,300, up 2.2% over 24 hours. Ethereum (ETH $2,835.70) also gained, climbing above $3,000 for a 3.9% increase.

Gold resumed its upward move on the weaker dollar, reaching a record $5,215, up 1.8% for the session.

Some technical analysts see early signs of a crypto reversal. Bitcoin Vector, Swissblock’s research service led by Willy Woo, highlighted a bullish divergence between bitcoin’s price and its RSI momentum indicator, historically linked to gains of roughly 10%. “We are likely at the start of a major bullish reversal,” the team said, noting a potential move toward $95,000.

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