As the previous posters noticed, it is easy to check that $x(t)^2+y(t)^2=1.$
That is if we choose a point $(a,b)$ of the unit circle there is some $t$ such that
$x(t)=a,y(t)=b.$
Assume that all the candidates $t$ has $|t|>1.$
Then the same holds for
$$(t^4-6t^2+1)=a(t^2+1)^2,-4t(t^2-1)=b(t^2+1)^2.$$
If we eliminate $t^2+1 $(assume $b\not=0)$ then the equation
$f(t)=(t^4-6t^2+1)b+4t(t^2-1)a=0$
is satisfied only for $t>1.$
But this leads to a contradiction since $f(t)=0$ has a solution in $[0,1]$ (and [-1,0]) since
$f(0)f(1)=-4b^2<0.$ So always we can find $t$ with $|t|\leq 1$ such that, given $(a,b)$ on the circle we have $x(t)=a,y(t)=b.$ Now for the case $b=0$ we can choose $t=0$ if $a=1$ and $t=1$ if $a=-1$.