On Tuesday, the price of Bitcoin surged strongly, briefly touching $90,532, nearing the highest point since early March, continuing the upward trend of the past two days with a cumulative increase of 7.6% since Sunday’s low.
The market generally believes that this rise is closely related to the dollar falling to a three-year low, a phenomenon that may be attributed to Washington's tough stance on trade policy.
The current macro environment is complex and ever-changing. Wall Street's benchmark index is down about 16% from its February peak, mainly influenced by President Trump's tariff policies, which include imposing (later partially suspended) “reciprocal” tariffs on allies and significantly raising tariffs on Chinese goods to 145%.
Two weeks have passed since the 90-day tariff suspension, and negotiations in Seoul, Tokyo, Brussels, and Beijing have yet to yield results, with a new round of talks scheduled to take place in Washington this week.