#MarketRebound

Bitcoin rose steadily on Tuesday to a peak of $91,740 - the highest level in over a month. Spot bitcoin ETFs and other crypto stocks increased with the movement.

Bitcoin traded around $91,250 on Tuesday afternoon, down from its peak for the day, but still up about 4.6% over the past 24 hours according to CoinMarketCap data. The price of bitcoin has recovered to its highest level since March 2.

Bitcoin rose above $87,000 on Monday as the US dollar index fell to a three-year low and gold prices surged to record highs of over $3,400 per ounce. The gains narrow the year-to-date loss for the world's largest cryptocurrency to less than 5%.

The iShares Bitcoin Trust (IBIT) and other spot bitcoin ETFs rose by 4.8% on Tuesday, contributing to their approximately 3% gain on Monday. The bitcoin ETFs recovered above their 50-day lines with Monday's movement.