Bitcoin’s price has made a significant leap, soaring beyond $90,000 per coin on Tuesday. This marks the first time it has reached this level since early March, mirroring a broader upswing in stocks and other assets considered to carry more risk.

According to CoinGecko, Bitcoin’s value recently touched $90,341, reflecting a jump of more than 2% in just 24 hours.

Earlier in April, the leading cryptocurrency had faced headwinds, experiencing a dip alongside other asset classes after President Donald Trump unveiled his new, aggressive tariff policies.

However, Bitcoin has since shown resilience, staging a recovery and gaining momentum. This price surge is happening in tandem with gold reaching a new peak, and a stabilization in U.S. equities, bonds, and the dollar after they all took a tumble on Monday.

Market participants were rattled recently by President Trump’s public criticism of Federal Reserve Chair Jerome Powell. The President went as far as labeling Powell a “major loser” and suggested he’d like to see him removed for not lowering interest rates quickly enough.

Traditionally, the Federal Reserve operates with significant autonomy, and it’s unusual for the White House to intervene in its operations. Despite this norm, reports suggest that President Trump is exploring ways to exert pressure – a move that analysts believe could be favorable for Bitcoin’s price.

For now, sentiment among crypto investors seems to be leaning bullish. On Monday, U.S.-based Bitcoin ETFs saw a combined inflow of $381.3 million, marking their highest daily intake since January 30.

Looking at other parts of the crypto market, Solana, currently the sixth-largest cryptocurrency, experienced a jump of over 4%. It’s now trading at $143.55, its highest value since late March.

Dogecoin, the eighth-largest crypto asset by market cap, also saw a significant increase recently, reaching a price of nearly $0.17. However, it still remains considerably below the three-year peaks it achieved in December and January.

Edited by Andrew Hayward