Bitcoin has seen a modest rise of 0.7%, reaching $88,194.90 as of early trading on Tuesday, following significant buying activity from MicroStrategy, which injected $556 million into Bitcoin through the purchase of 6,556 BTC.

This acquisition came as a surprise to the market. MicroStrategy now holds a total of 538,200 BTC on its balance sheet, boosting investor sentiment.

However, macroeconomic pressures persist. President Trump’s recent criticisms of the Federal Reserve and escalating tensions related to U.S.-China trade continue to weigh on the broader cryptocurrency environment.

Investors are keeping a close eye on upcoming Federal Reserve commentary and developments in U.S.-China trade talks to gauge their impacts on market sentiment.