Bitcoin surged above $89,400 following President Trump's comments minimizing concerns over the declining U.S. dollar, which prompted further dollar weakness and pushed gold to an all-time high. The rally reflects renewed bullish momentum despite earlier caution from Federal Reserve uncertainties and ETF outflows. Meanwhile, Bitcoin mining stocks with AI and high-performance computing exposure, such as IREN and Cipher Mining, gained over 10% as investors favor diversified business models that extend beyond traditional bitcoin mining revenues.

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