Bitcoin Stays Steady at $90K Amid Anticipation of US Tariff Ruling
- Bitcoin (BTC) price hovered around $90,000 as traders awaited a significant US Supreme Court ruling on trade tariffs.
- There is a reported 74% chance that the Supreme Court will rule President Trump’s tariffs illegal, influencing market sentiment.
- US unemployment data released was below expectations, with the Federal Reserve likely to maintain current interest rates this month.
- Traders are currently in a “no trade” zone for BTC/USD due to lack of clear trends, with key price levels set at $88,000 and $92,000.
- Market analysts suggest patience is necessary until a decisive breakout occurs in Bitcoin’s price movement.
The upcoming US tariff ruling is expected to significantly impact global markets, including cryptocurrencies like Bitcoin. As traders await clearer signals from the market, Bitcoin remains in a tight range without major trading activity.
With Bitcoin holding steady at approximately $90,000 and key resistance levels identified at $92,000 and support at $88,000, traders are advised to remain cautious until market conditions improve.(Source)
