Bitcoin (BTC) resumed its upward trajectory on Tuesday, climbing back toward four-month highs as institutional demand and macroeconomic factors converged to support prices. The cryptocurrency’s rebound follows a brief consolidation period, with bullish sentiment returning as major corporations added to their digital asset holdings.
The rally gained additional momentum from a weakening U.S. dollar, which fell to a two-week low after Moody’s downgraded America’s credit rating. Former President Trump’s renewed calls for Federal Reserve rate cuts further pressured the greenback, enhancing Bitcoin’s appeal as an alternative asset. Market participants interpreted these developments as potentially accelerating capital rotation into risk assets.
Technical indicators suggest room for further upside, with BTC now testing key resistance levels last seen in early April. Traders are watching whether the cryptocurrency can sustain its breakout above if institutional accumulation continues and macro conditions remain favorable. The combination of corporate buying interest and dollar weakness creates a supportive environment for Bitcoin’s ongoing recovery rally.
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