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Bitcoin climbs above $89,000 as U.S. dollar tumbles on President Trump's remarks

January 27, 2026 • 5 views • Original Source

Bitcoin climbs above $89,000 as U.S. dollar tumbles on President Trump's remarks

The president said he isn't concerned about the dollar's recent declines, sending the greenback plunging even lower.

Donald Trump points at the audience during a press conference at the White House.

What to know:

Bitcoin BTC$89,229.75 caught a very modest bid on Tuesday as the U.S. dollar fell to new multi-year lows following remarks by President Donald Trump

Speaking to reporters ahead of a scheduled speech in Iowa, the president said the dollar is doing great and that he wasn't concerned about the greenback's recent declines.

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Already falling over the past week and down sharply again on Tuesday, the U.S. dollar index (DXY) tumbled further following the president's comments to 95.80, its weakest level in about 4 years.

After languishing below $88,000 during most of the session, bitcoin advanced to $89,300, up 2.2% over the past 24 hours. Ethereum's ether ETH$3,011.54 bounced above $3,000, higher by 3.9%.

In the middle of a pause following its breathtaking rally above $5,000 per ounce, gold resumed its move higher on the weaker dollar, pushing to a new record of $5,215, up 1.8% for the session.

Read more: Bitcoin miners surge higher as Anthropic's fundraising efforts boost AI spirits

BTC bounce to $95,000?

While crypto’s short-term outlook remains challenged, some technical analysts see signs of an incoming reversal.

According to Bitcoin Vector, the research service from Swissblock and well-known analyst Willy Woo, a significant bullish divergence is forming between bitcoin's price and its RSI momentum indicator. Similar setups have historically yielded returns of around 10%, the team noted.

"We are likely at the genesis of a major bullish reversal," said Bitcoin Vector. "A return to $95,000 is looking likely."

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In this article

BTCBTC$89,229.75◢1.09%ETHETH$3,011.54◢2.89%
ETH logo
ETH
$2,993.44
2.89%
BNB logo
BNB
$902.68
2.27%
XRP logo
XRP
$1.9140
1.21%
SOL logo
SOL
$126.93
2.54%
TRX logo
TRX
$0.2928
0.77%
DOGE logo
DOGE
$0.1256
3.02%
ADA logo
ADA
$0.3576
2.09%
BCH logo
BCH
$592.71
0.86%
WBT logo
WBT
$54.04
1.30%
HYPE logo
HYPE
$33.82
23.16%
XMR logo
XMR
$480.69
1.57%
XLM logo
XLM
$0.2089
1.49%
ZEC logo
ZEC
$391.37
5.63%
CC logo
CC
$0.1615
4.78%
SUI logo
SUI
$1.4261
0.16%
LTC logo
LTC
$69.44
0.96%
AVAX logo
AVAX
$12.05
3.52%
HBAR logo
HBAR
$0.1074
1.61%
TON logo
TON
$1.5186
0.67%
BTC logo
BTC
$88,960.10
1.09%
ETH logo
ETH
$2,993.44
2.89%
BNB logo
BNB
$902.68
2.27%
XRP logo
XRP
$1.9140
1.21%
SOL logo
SOL
$126.93
2.54%
TRX logo
TRX
$0.2928
0.77%
DOGE logo
DOGE
$0.1256
3.02%
ADA logo
ADA
$0.3576
2.09%
BCH logo
BCH
$592.71
0.86%
WBT logo
WBT
$54.04
1.30%
HYPE logo
HYPE
$33.82
23.16%
XMR logo
XMR
$480.69
1.57%
XLM logo
XLM
$0.2089
1.49%
ZEC logo
ZEC
$391.37
5.63%
CC logo
CC
$0.1615
4.78%
SUI logo
SUI
$1.4261
0.16%
LTC logo
LTC
$69.44
0.96%
AVAX logo
AVAX
$12.05
3.52%
HBAR logo
HBAR
$0.1074
1.61%
TON logo
TON
$1.5186
0.67%

Source: CoinDesk

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