Bitcoin Breaks $89,000 as Dollar Slides on President Trump’s Statements

Bitcoin rose on Tuesday as the U.S. dollar fell 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. The remarks sent 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 most of the session before climbing to $89,300, up 2.2% over 24 hours. Ethereum (ETH $2,835.70) also gained, rising above $3,000 for a 3.9% increase.

Gold resumed its advance on the weaker dollar, hitting a record $5,215, up 1.8% for the session.

Technical analysts see signs of a potential crypto reversal. Bitcoin Vector, the Swissblock research service led by Willy Woo, noted a bullish divergence between bitcoin’s price and its RSI momentum indicator—historically associated with gains around 10%. “We are likely at the start of a major bullish reversal,” the team said, citing a potential move toward $95,000.