Bitcoin rose on Tuesday and expanded the gains for the fourth straight session, hitting a seven-week high and approaching $90,000 once more.

It comes amid improving sentiment after major corporations announced new bitcoin purchases, while the dollar weakened due to President Trump’s attacks against Fed Chair Powell.

The Price

Bitcoin rose 1.55% at Bitstamp today to $88,874, the highest since March 7, with a session-low at $87,094.

On Monday, bitcoin rallied 2.75% as the dollar collapsed.

Crypto Market Value 

The market value of cryptocurrencies rose by $40 billion on Tuesday to a total of $2.865 trillion.

MicroStrategy

Through the X Platform, MicroStrategy’s co-founder and chairman Micheal Saylor announced another round of bitcoin purchases today at 6556 units, raising the company’s total holdings to a new record high.

The purchase occurred between April 14 and 20, with the company spending $555.85 million, averaging $84,785 per unit.

Following this new acquisition, the company now holds 538,200 units with an average price of $67,828 per unit, totaling $36.50 billion in value.

MetaPlanet

Similarly, Japan’s MetaPlanet increased its bitcoin holdings by 330 units worth $28.25 million, averaging $86,605 per unit.

Following the round of purchases, MetaPlanet’s holdings rose to a record 4855 units, worth $405.90 million

The Dollar

The dollar index fell 0.3% on Tuesday on track for the third straight session, and is about to hit three-year lows at 97.92 against a basket of major rivals.

Trump escalated his attacks against Fed Chair Jerome Powell and called him “a big loser” and “Mr Too late”, and demanded the Fed once more to cut interest rates.

The White House said it’s considering ways to fire Fed Chair Jerome Powell after Trump expressed urgent desires to terminate him due to disagreements about monetary policies.

Such news continues to rattle the markets, which depend heavily on the independence of the Federal Reserve from any political interference as a pivotal mainstay in the global financial system.

Gold prices rallied in European trade on Tuesday and expanded the gains for the second straight session, hitting a fresh record high and trading above $3500 for the first time in history.

The gains come amid current weakness for the dollar, which is impacted by a loss of confidence in US assets due to constant attacks by US President Trump against Fed Chair Powell.

Prices

Gold prices rose 2.2% today to $3500 an ounce, a record high, with a session-low at $3412.

On Monday, gold ros 2.9%, the third profit in four days amid concerns about the independence of the Federal Reserve.

US Dollar

The dollar index fell 0.3% on Tuesday on track for the third straight session, and is about to hit three-year lows at 97.92 against a basket of major rivals.

Trump escalated his attacks against Fed Chair Jerome Powell and called him “a big loser” and “Mr Too late”, and demanded the Fed once more to cut interest rates.

The White House said it’s considering ways to fire Fed Chair Jerome Powell after Trump expressed urgent desires to terminate him due to disagreements about monetary policies.

Such news continues to rattle the markets, which depend heavily on the independence of the Federal Reserve from any political interference as a pivotal mainstay in the global financial system.

Chicago Fed President Austin Goolsbey said he hopes the US won’t turn into an environment where the Fed’s ability to set monetary policies independently from political pressure is undermined.

According to the Fedwatch tool, the odds of a May Fed 0.25% rate cut stood at 12%.

The odds of such a cut in June stood at 70%.

SPDR

Gold holdings at the SPDR Gold Trust remained unchanged yesterday at 952.29 tons.

The euro rose in European trade on Tuesday on track for the third straight profit against the dollar, while trading near four-year highs as the dollar weakens after US President Trump’s constant attacks against Fed Chair Jerome Powell.

Now investors await European Central Bank President Christine Lagarde’s remarks for more clues on the future path of European interest rates.

The Price

The EUR/USD price rose 0.25% today to $1.1541, with a session-low at $1.1481.

The euro rose 1.1% on Monday against the dollar, the second profit in a row amid a loss of confidence in the dollar.

US Dollar

The dollar index fell 0.2% on Tuesday on track for the third straight session, and is about to hit three-year lows at 97.92 against a basket of major rivals.

A New Attack

Trump called Powell “big loser” and “Mr Too late”, and called on him and the Fed once more to cut interest rates.

The White House said it’s considering ways to fire Fed Chair Jerome Powell after Trump expressed urgent desires to terminate him due to disagreements about monetary policies.

Such news continues to rattle the markets, which depend heavily on the independence of the Federal Reserve from any political interference as a pivotal mainstay in the global financial system.

Lagarde

ECB President Christine Lagarde is scheduled to speak to CNBC later today and discuss the latest developments in the eurozone and the US tariff crisis.

Last week, Lagarde said that tariffs represent a shock, but their impact on inflation remains unclear.

She said the picture might not become clear by the next policy meeting in June, as the 90-day pause on tariffs would still be in place by then.

European Rates

Reports showed that some ECB officials see a high probability of a rate cut in June.

Markets are pricing in a 60% chance of an ECB rate cut in June.

The yen rose in Asian trade on Tuesday against major rivals, extending gains for the third straight session against the dollar, and hitting a fresh seven-month high, while about to trade above 140 yen per dollar for the first time this year on haven demand.

US President Donald Trump continued his attack on Fed Chair Powell and demanded an urgent interest rate cut, while publicly considering ways to fire Powell and restructure the central bank.

The Price

The USD/JPY price fell 0.55% today to 140.09, the lowest since September 2024, with a session-high at 141.17.

The yen rose 0.9% against the dollar on Monday, the second profit in a row on concerns about the Fed’s independence. 

A New Attack

Trump called Powell “big loser” and “Mr Too late”, and called on him and the Fed once more to cut interest rates.

The White House said it’s considering ways to fire Fed Chair Jerome Powell after Trump expressed urgent desires to terminate him due to disagreements about monetary policies.

Such news continues to rattle the markets, which depend heavily on the independence of the Federal Reserve from any political interference as a pivotal mainstay in the global financial system.

Bank of Japan

The Bank of Japan is widely expected to maintain interest rates unchanged at the 30-April meeting, and will likely note that new US tariffs won’t hurt the cycle of higher wages and inflation, necessary for rate hikes.