🚀 Bitcoin is Back Above $90K

Bitcoin has recovered to $91,800, a massive u-turn that set Crypto Twitter on fire as traders celebrated living what some described as “Trump’s doom week”.

After days of fear-driven liquidations, ETF outflows and macro angst spurred on by Trump’s tariff noise Bitcoin produced a V-shaped recovery – catching short sellers offside, sending sentiment spinning once again.

It wasn’t just price movement that bottomed out. It was attitude.

Memes flooded, traders returned and the “this market is dead” chatter subsided as BTC wiped away a portion of its drawdown. Funding rates reset, derivatives positioning came off the boil and spot accumulation quietly resumed, evidence that the selloff may have been exhaustion rather than crash.

But analysts caution that the bounce is not a clear BULLISH signal yet.

• ETF flows are still mixed

• BTC supply on exchange rose

• And Trump’s tariff rhetoric keeps injecting macro volatility into crypto hours

In that case however, BTC reclaiming the $90K handle has restored something we needed back to the market: Confidence.

If Bitcoin can maintain that level throughout the week, traders say, the next key levels are

1. → $93.5K (short-term resistance)

2. → $96K (trend reversal zone)

3. → $100K (psychological magnet)

But for now, the community is celebrating survival.

Tether pulls out of Uruguay

Tether has closed its mining operations in Uruguay and laid off 30 of its 38 employees, telling the country’s energy company and government that the project was unsustainable because of costs and tariffs for electricity.

The firm plotted a sprawling $500M build-out: data centres, a 300MW renewable energy park and substantial grid improvements. Only $100M of that was ever raised before the economics collapsed.

Local regulators said escalating power-toll fees and the terms of contracts had rendered operations unviable.

The gist: Even giants like tether walk out when economics and policies are not favourable.

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