Bitcoin (BTC) is once again trading above $90,000 as investors return to cryptocurrencies following months of bearish sentiment.
BTC is currently trading right around $91,000 as investors flood back into crypto investments. Analysts say that investors appear to be returning to digital assets and tokens as the U.S. dollar languishes at a three-year low and stock markets remain volatile.
Bitcoin, which is the biggest cryptocurrency by market capitalization, has now gained 7% in the last two trading days and is at its highest level since March 6 of this year. BTC hit an all-time high just above $109,000 on Jan. 20, the day of U.S. President Donald Trump’s inauguration. Over the last month, the cryptocurrency’s price has languished around $80,000, but it is now off its April low by about 22%.
A Rising Tide…
A rising tide appears to be lifting all boats in the cryptocurrency sector as other popular digital tokens such as Ethereum (ETH) and Dogecoin (DOGE) are up 8% each on April 22. Crypto is rising as the U.S. dollar continues to slip lower. The U.S. dollar index is down about 10% in 2025, its worst start to a year.
At the same time, U.S. stock markets continue to swing from gains to losses in volatile trading. After losing nearly 1,000 points on April 21, the Dow Jones Industrial Average had made back all that decline by noon hour on April 22. Chart analyst Katie Stockton says that $88,000 appears to mark key resistance for BTC, with the next resistance level coming at $95,900.
Is BTC a Buy?
Most Wall Street firms don’t offer ratings or price targets on Bitcoin, so we’ll look at the cryptocurrency’s three-month performance instead. As one can see in the chart below, the price of BTC has declined 14.98% in the last 12 weeks.
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