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.

  • Related Posts

    Robinhood’s fourth-quarter revenue comes in below estimates as digital asset volumes decline.

    Robinhood’s crypto business took a hit in Q4, as falling digital asset prices weighed on trading activity despite the company’s expansion of crypto features. The brokerage reported $221 million in…

    Continue reading
    Bithumb says major internal control failures created exposure to possible system interference.

    South Korea’s Bithumb has admitted that serious internal control failures led to the accidental transfer of bitcoin worth more than $40 billion to customers, an incident that briefly disrupted trading…

    Continue reading