Bitcoin soars back to $90,000 💸

📝 What you need to know

Bitcoin recovered $90,000 for the first time since early March Tuesday morning, as stocks and other risk assets rebounded.

The market uptick followed days of uncertainty, with traders spooked by U.S. President Trump’s hints that he wanted to fire Federal Reserve Chair Jerome Powell—a move with no precedent in modern U.S. history.

The crypto market’s upward move coincided with a surge in inflows to spot Bitcoin ETFs, which pulled in $381.3 million on Monday, their largest daily total since January. Analysts told Decrypt that the “significant improvement in investor sentiment,” was driven largely by a shift in expectations around monetary policy, and noting that the cryptocurrency is increasingly behaving like a macro asset.

Bitcoin Breaks $90K as Markets Steady Following Trump's Federal Reserve Attacks

Bitcoin is back above $90,000 for the first time since early March, bringing up the rest of the crypto market as stocks also rebound.

Bitcoin ETFs Add $381 Million in Biggest Day Since January

Inflows to Bitcoin ETFs hit their highest level since January 30 Monday, with analysts pointing to macro tailwinds.

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