Bitcoin climbed on Tuesday as the U.S. dollar dropped to multi-year lows following remarks from President Donald Trump.
Speaking ahead of a scheduled speech in Iowa, Trump said the dollar is “doing great” and expressed no concern over its recent decline. The comments pushed the U.S. dollar index (DXY) down to 95.80, its weakest level in roughly four years.
Bitcoin (BTC $85,218.71) traded below $88,000 for much of the session before rising to $89,300, a 2.2% gain over 24 hours. Ethereum (ETH $2,835.70) also bounced above $3,000, up 3.9%.
Gold, after a brief pause following its rally above $5,000 per ounce, continued higher on the weaker dollar, reaching a record $5,215, up 1.8% for the day.
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 between bitcoin’s price and its RSI momentum indicator—a pattern historically linked to 10% returns. “We are likely at the genesis of a major bullish reversal,” the team said, noting that a move toward $95,000 is increasingly likely.
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