Bitcoin moved sharply higher in early trading, climbing above 89,000 dollars as renewed weakness in the U.S. dollar boosted demand for alternative assets. The rally followed remarks from Donald Trump, who said he was unconcerned about the dollar’s recent decline, comments that pushed the greenback to its lowest level in nearly four years. The U.S. dollar index slid to around 95.8, extending losses seen over the past week. As the currency weakened, investors rotated toward stores of value, with bitcoin rebounding after spending much of the session below 88,000. The move reflected a broader market response to macro signals, where shifts in currency confidence continue to influence flows into digital assets alongside traditional hedges.
The rally was not limited to bitcoin, as strength spread across major assets tied to dollar weakness. Ethereum rose back above the 3,000 level, posting solid daily gains, while gold surged to a fresh record above 5,200 dollars per ounce. The synchronized move across crypto and commodities highlighted growing sensitivity to foreign exchange dynamics, particularly when policy remarks add uncertainty around currency stability. Analysts noted that bitcoin’s advance of more than two percent in a single session underscored its role as a macro responsive asset rather than a purely speculative trade. With global markets already focused on interest rate expectations and fiscal policy signals, the dollar’s slide provided immediate support for assets perceived as alternatives to fiat exposure.
Some market observers believe the price action could mark the early stages of a broader recovery for bitcoin. Technical analysts tracking momentum indicators pointed to a developing bullish divergence between price and relative strength metrics, a pattern that has previously preceded strong rebounds. Research groups following onchain and technical data suggested that similar setups have historically delivered gains of around ten percent in relatively short periods. While short term volatility remains elevated, a move back toward the 95,000 level is increasingly being discussed among traders. The combination of dollar weakness, strong performance in gold and improving technical signals has reinforced expectations that bitcoin could regain upside momentum if macro conditions remain supportive.
