Bitcoin Surges to $90,532 Amid Institutional Demand and Dollar Weakness

Bitcoin reached an intraday peak of $90,532 on Tuesday, marking a 7.6% increase since Sunday. This rise is attributed to the U.S. dollar hitting three-year lows amid ongoing trade tensions in Washington.

Key points include:

Wall Street benchmarks are down approximately 16% from February highs due to President Trump's tariff decisions.
No agreements have been reached in trade talks among major economies, with negotiations continuing later this week.
Spot gold surpassed $3,400 per ounce, increasing its market cap to over $20 trillion, significantly higher than Bitcoin's previous peak value.
U.S. spot-Bitcoin ETFs saw net inflows of $381 million on Monday, the highest since February.
Some analysts suggest Bitcoin's performance is linked to its valuation against currencies rather than USD alone.

Looking ahead, traders are focused on resistance around the $92,000 mark, which could signal further upward movement for Bitcoin if reclaimed. On-chain metrics indicate it is approaching a critical price band between $91k and $92k, which may act as support or resistance based on market conditions.

As of the latest update, BTC is trading at $90,394.