Bitcoin (BTC) is again trading above $90,000 U.S. as investors return to cryptocurrencies following months of negative sentiment.
Bitcoin is currently trading at $93,700 U.S. as investors rush back into crypto investments.
Analysts say that investors appear to be returning to digital assets as the U.S. dollar languishes near a three-year low and stock markets remain volatile.
The biggest cryptocurrency by market capitalization has now gained more than 7% in the last two trading days and is at its highest level since March 6 of this year.
Bitcoin hit an all-time high just above $109,000 U.S. on Jan. 20 of this year, the day of U.S. President Donald Trump’s inauguration.
Over the past month, the cryptocurrency’s price has languished around $80,000 U.S. but is now off its April low by more than 20%.
Other cryptocurrencies are also rising, with Ethereum (ETH) and Dogecoin (DOGE) each up 8% in the past day.
Crypto prices are rising as the U.S. dollar continues to slide lower. The U.S. dollar index is down about 10% in 2025, its worst start to a year ever.
At the same time, U.S. stock markets continue to swing from gains to losses.
After losing 1,000 points on April 21, the Dow Jones Industrial Average has made back all that decline and more as President Trump indicates tariffs on Chinese imports might be lowered.
