On Friday, the price of Bitcoin was reported to be hovering around the $90,000 threshold, as the cryptocurrency markets stabilized following a delay from the U.S. Supreme Court regarding a significant ruling linked to President Donald Trump’s tariff policy. This delay has temporarily alleviated prevailing macroeconomic uncertainties.
At the time of this report, Bitcoin’s price was recorded at $90,443, reflecting a decrease of approximately 1% over the preceding 24 hours, according to market data. Daily trading volumes reached nearly $45 billion, while Bitcoin’s total market capitalization decreased to around $1.80 trillion, also a decline of 1% for the day.
The circulating supply of Bitcoin has now approached 19,973,659 BTC, nearing its fixed cap of 21 million coins—a structural characteristic that continually underpins long-term bullish narratives.
Tariff Uncertainty and Its Impact on Bitcoin Pricing
This week, cryptocurrency prices experienced initial fluctuations as traders adjusted their positions in anticipation of the Supreme Court’s judgment regarding the legality of Trump-era global tariffs, a factor viewed as a significant macroeconomic catalyst.
However, markets responded positively on Friday following the court’s decision to postpone its ruling until the following week, thereby reducing immediate downside risks across equities, bonds, and digital assets.
Near the opening of the U.S. equity markets, the Bitcoin price stabilized around $90,000, as investors reassessed their risk exposure.
Analysts indicated that this delay has mitigated fears of potential fiscal disruptions, including the possibility that the U.S. Treasury could be obligated to refund over $130 billion to importers if the tariffs were invalidated.
Bitcoin has increasingly been viewed as a macro-sensitive asset, responding to changes in policy expectations, liquidity conditions, and geopolitical uncertainties. Consequently, significant legal or political developments continue to influence short-term price movements, even while long-term adoption trends remain steadfast.
Consolidation Following the Early-Year Rally
The current price of Bitcoin reflects a period of consolidation following a surge in early January that propelled it toward new short-term highs.
This rally rekindled bullish sentiment but also triggered profit-taking as momentum diminished near resistance levels.
Traders are currently monitoring the $90,000–$91,000 range as a crucial support zone. A sustained movement below this range could expose the asset to further downside toward the high $80,000 region, whereas a resurgence above $92,000 may likely reinstate a pathway to higher resistance levels.
At present, Bitcoin remains in a state of consolidation, characterized by compressed volatility with traders awaiting a clearer catalyst.
Potential U.S. Government Engagement in Bitcoin Acquisition
Cathie Wood of ARK Invest recently articulated in a podcast that political dynamics could prompt the U.S. government to actively acquire Bitcoin as early as 2026. Wood posits that cryptocurrency has emerged as a significant political issue for President Trump, potentially influencing policies leading up to the midterm elections.
Currently, the U.S. possesses a Bitcoin reserve composed of seized assets, with Trump having pledged not to liquidate any of this Bitcoin. The initial aim was to accumulate one million BTC.
Wood further suggested that the administration might transition from solely holding confiscated Bitcoin to engaging in outright purchases for a national strategic reserve.
The crypto sector has developed into a more organized political constituency, providing support to Trump and interacting with the White House through events and contributions. On the policy front, executive orders have established the reserve and stockpile, accompanied by recommendations for expansion led by the Treasury.
Wood believes that government purchases of Bitcoin could serve as a significant inflection point for the market, enhancing Bitcoin’s scarcity given that nearly 20 million of its 21 million cap have already been mined. Should the United States initiate Bitcoin purchases, it is reasonable to infer a positive market reaction to such a development.
At the time of reporting, the Bitcoin price stands at $90,814.
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