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

Markets Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email 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. By Krisztian Sandor | Edited by Stephen Alpher Jan 27, 2026, 9:23 p.m. Make us preferred on Google Donald Trump points at the audience during a press conference at the White House. (Photo by Alex Wong/Getty Images) What to know : Bitcoin rallied above $89,000 as remarks by President Trump sent the dollar to its lowest level in nearly four years. Gold rose to a new record above $5,200 per ounce following the president's comments. One analyst is seeing a bullish technical divergence which could send bitcoin back to $95,000 in short order. Bitcoin BTC $ 89,211.12 caught a very modest bid on Tuesday as the U.S. dollar fell to new mutli-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. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms & conditions and privacy policy . 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 $ 3,014.47 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 per ounce, 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." Bitcoin News Donald Trump Market Wrap Breaking News top news More For You Pudgy Penguins: A New Blueprint for Tokenized Culture By CoinDesk Research Dec 30, 2025 Commissioned by Pudgy Penguins Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale. What to know : Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token. The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility. View Full Report More For You Bitcoin miners surge higher as Anthropic's fundraising efforts boost AI spirits By Helene Braun | Edited by Stephen Alpher 46 minutes ago Anthropic is set to raise $20 billion in its latest funding round, double the amount it initially targeted, according to the FT. What to know : Anthropic, the maker of the Claude chatbot, is set to raise about $20 billion in new funding at a valuation of $350 billion, according to the Financial Times. That's double the amount the company initially sought to raise. The news is boosting spirits in the AI sector, with bitcoin miners turned AI infrastructure providers like IREN, TeraWulf, Cipher Mining and Hut 8 surging higher. 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