Bitcoin rose on Tuesday, surpassing the $90,000 mark for the first time since early March.
This recovery comes after a decline in sentiment following a holiday surge driven by more purchases from Michael Saylor's Strategy, while the markets also absorbed increasing criticism from U.S. President Donald Trump towards the Federal Reserve.
Risk appetite remained limited amid ongoing concerns about the economic impact of tariffs imposed by Trump, as the United States engages in a bitter trade war with China. Broader cryptocurrency prices also rose on Tuesday, but gains remained limited. The world's largest cryptocurrency benefited from Strategy adding more Bitcoin to its treasury.
Bitcoin rose by 2.2% to $90,087.0 by 5:10 PM Saudi time. The increase is accelerating.