Bitcoin Surges Past $90,000 as Dollar Weakens and Stocks Tumble

Bitcoin reclaimed the $90,000 milestone for the first time since March, surging 8% over two days as investors sought refuge from stock market volatility and a weakening dollar. The cryptocurrency reached $91,754.28 on Tuesday, its highest level since March 6, recovering 23% from April lows as traditional markets experienced significant turbulence.

The rally coincided with intense pressure on Federal Reserve Chair Jerome Powell from the Trump administration demanding immediate rate cuts. CNBC reports that U.S. ETFs tracking spot bitcoin logged $381.4 million in inflows on Monday, marking their biggest daily inflow since January 30.

Trending World News Headlines:

Technical Indicators Signal Bullish Momentum

Chart analysts identified $88,000 as crucial resistance for Bitcoin’s near-term trajectory. Katie Stockton of Fairlead Strategies noted that breaking this level would position the next resistance at $95,900, suggesting potential for continued upside movement.

The cryptocurrency demonstrated unusual strength relative to equity markets, breaking its recent correlation with technology stocks. This decoupling indicates Bitcoin’s emerging role as a potential hedge against macroeconomic instability rather than merely a risk asset.

Stablecoin Market Projects Explosive Growth

Standard Chartered projects the stablecoin market will exceed $2 trillion within three years, potentially driving unprecedented demand for U.S. Treasury securities. This forecast suggests stablecoins could become a significant factor in traditional financial markets.

Galaxy Digital’s CEO Michael Novogratz highlighted Bitcoin’s evolving relationship with major tech stocks, noting its performance now resembles the “Magnificent Eight” more than traditional digital gold characteristics during periods of tariff uncertainty.

Institutional Investment Drives Market Recovery

Bitcoin’s recovery from earlier volatility demonstrates growing institutional confidence despite regulatory challenges. The sustained inflow into spot Bitcoin ETFs indicates professional investors view current price levels as attractive entry points.

Market participants noted that unlike previous cycles, institutional participation has provided stability during market corrections, reducing Bitcoin’s characteristic volatility and supporting price recovery.

Technical Analysis Points to Higher Targets

Technical indicators suggest Bitcoin may test higher resistance levels if current momentum continues. The successful breach of $90,000 establishes a new support level, with traders eyeing $95,900 as the next significant resistance zone.

Analysts emphasize that sustained trading above $88,000 would confirm bullish market structure, potentially attracting additional institutional capital and retail investors seeking exposure to the leading cryptocurrency.