Yahoo Finance

Bitcoin rose above $90,000 on Tuesday for the first time since early March. The digital token has rallied partly because it is priced against the dollar, which hit fresh lows against major currencies on Monday, Julius Baer researcher Carsten Menke said in a research note. While crypto proponents often pitch bitcoin as a hedge against inflation and a form of “digital gold,” the cryptocurrency has risen and fallen in lockstep with big tech shares in recent sessions.