Bitcoin rose on Tuesday as the U.S. dollar fell to multi-year lows following remarks from President Donald Trump.
Speaking ahead of a 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) to 95.80, its weakest level in about four years.
Bitcoin (BTC $85,218.71) traded below $88,000 for most of the session before climbing to $89,300, up 2.2% over 24 hours. Ethereum (ETH $2,835.70) also advanced, rising above $3,000 with a 3.9% gain.
Gold extended its rally on the weaker dollar, hitting a record $5,215, up 1.8% for the session.
Technical analysts are spotting signs of a potential crypto reversal. Bitcoin Vector, Swissblock’s research service led by Willy Woo, noted a bullish divergence between bitcoin’s price and its RSI momentum indicator—a setup historically linked to gains around 10%. “We are likely at the start of a major bullish reversal,” the team said, with $95,000 now in sight.
