Bitcoin (BTC) has soared past the $90,000 mark today, reaching a six-week high as investors respond to macroeconomic uncertainties and increased institutional interest.​

Here’s where BTC stands after Tuesday morning’s rally and what to expect next.

• Current Price: $90,878.13
• 24H Change: +3.82%
• Market Cap: $1.76 trillion
• 24H Volume: $38.9 billion​

1. Political Uncertainty and Dollar Weakness

President Trump’s recent criticisms of Federal Reserve Chair Jerome Powell, including calls for his removal, have unsettled traditional markets. This political tension has led to a decline in the U.S. dollar, prompting investors to seek alternative assets like Bitcoin and gold.​

2. Institutional Investment

Major financial institutions such as Fidelity, BlackRock, ARK Invest, and Bitwise have increased their Bitcoin holdings, signaling strong institutional confidence in the cryptocurrency’s long-term value.

3. Increased Trading Activity

Bitcoin’s trading volume has surged, with over 25,000 BTC traded in the last 24 hours, marking a 35% increase from the previous week’s average.

4. Decoupling from Traditional Markets

Analysts note that Bitcoin is showing signs of decoupling from traditional stock markets, as it continues to rise despite volatility in indices like the S&P 500.

As Bitcoin approaches its yearly open of $93,000, traders are watching for potential resistance levels. Analysts suggest that sustained institutional interest and macroeconomic factors could propel Bitcoin toward the $100,000 milestone.

Bitcoin’s recent surge reflects a combination of political uncertainty, institutional investment, and shifting market dynamics. As traditional markets face turbulence, Bitcoin’s role as a potential safe-haven asset continues to gain attention.​