"The bitcoin price rallied sharply into the close on Tuesday, surging above $89,400 after trading as low as $87,100 earlier in the day, according to Bitcoin Magazine Pro data, as markets reacted to fresh remarks from President Donald Trump on the U.S. economy. The late-day move came as Trump, speaking in Iowa, dismissed concerns over the weakening U.S. dollar, telling supporters he was "not concerned" about its decline and insisting the dollar was "doing great.""
"Gold climbed to a new all-time high of $5,223 per ounce at the time of writing, underscoring growing demand for hard assets amid mounting currency uncertainty. The bitcoin price appeared to benefit from the same macro tailwinds, reversing earlier caution that had dominated trading following last weekend's dip to $86,000. The rally marks a notable shift in sentiment after bitcoin spent much of the past 24 hours struggling to reclaim the $88,000 level amid Federal Reserve uncertainty, ETF outflows, and lingering bearish technical pressure."
"At the time of publication, Bitcoin price traded at $89,320 today, up 2% over the past 24 hours, with $43 billion in daily trading volume. The asset's circulating supply stands at 19,981,268 BTC, out of a fixed 21 million maximum. Bitcoin miners that have pivoted toward artificial intelligence and high-performance computing (HPC) infrastructure are roaring up near 10% on Tuesday, as investors continue to reward diversification beyond traditional mining revenues."
Bitcoin surged above $89,400 after trading as low as $87,100 following President Donald Trump's dismissal of concerns about the weakening dollar. The dollar slid and alternative stores of value caught bids, sending gold to a record $5,223 per ounce. Bitcoin benefited from macro tailwinds, reversing earlier caution after last weekend's dip to $86,000 and breaking above $89,000 as buyers reasserted near-term control ahead of the Federal Reserve policy decision. Bitcoin traded near $89,320, up 2% with $43 billion in volume and 19,981,268 BTC circulating. Miner stocks focused on AI/HPC rose near 10%, with some names up over 13%.
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