Bitcoin briefly surpassed $89,000 as market sentiment turned risk-on, driven by expectations of looser monetary policy. This surge occurred despite U.S.-listed Bitcoin ETFs experiencing a record $3.5 billion in net outflows, even as on-exchange trading volumes increased significantly. Altcoins also saw substantial gains, with many rising over 10% during the same period. Meanwhile, Goldman Sachs adjusted its USD/CNY forecasts, attributing the change to a controlled PBoC fixing and improving economic data from China. Additionally, Japan's Prime Minister Sanae Takaichi is scheduled to discuss recent developments with U.S. President Donald Trump, following a call between the U.S. and China's President Xi.