Bitcoin gained ground on Tuesday as the U.S. dollar slid to multi-year lows following comments from President Donald Trump.
Speaking to reporters ahead of a speech in Iowa, Trump said the dollar is “doing great” and that he was not concerned about its recent declines. The remarks sent the U.S. dollar index (DXY) tumbling to 95.80, its weakest level in roughly four years.
Bitcoin (BTC $85,218.71) initially held below $88,000 for most of the session before climbing to $89,300, up 2.2% over the past 24 hours. Ethereum’s ether (ETH $2,835.70) also advanced, rising above $3,000 with a 3.9% gain.
Gold, pausing briefly after a rally above $5,000 per ounce, resumed its ascent on the weaker dollar, reaching a new record of $5,215, up 1.8% for the session.
Some technical analysts see early signs of a potential crypto reversal. Bitcoin Vector, the research service from Swissblock and analyst Willy Woo, highlighted a bullish divergence forming between bitcoin’s price and its RSI momentum indicator—historically a setup that has delivered roughly 10% returns. “We are likely at the genesis of a major bullish reversal,” the team said, adding that a move toward $95,000 now appears likely.
