Bitcoin Battles Near $90K Amid US Tariff Fears

Bitcoin’s Ups and Downs Near $90K: A Story of Tariffs and ETF Worries

Bitcoin, the biggest cryptocurrency, has been having a tough time lately. It’s been hard for it to stay above $90,000. This isn’t just about the market changing quickly; it’s also about bigger economic things, like what’s happening with U.S. tariffs and how investors feel about Bitcoin ETFs.

Bitcoin’s Rollercoaster Ride

Bitcoin’s journey recently has been full of big ups and downs. After it went over $90,000 for a short time, it went down again because of worries about the global economy, like when the U.S. said it would put tariffs on some things[1][3]. The cryptocurrency market is very sensitive to what’s happening in the world, and the fear of tariffs has made the market go up and down a lot.

How Tariffs Affect Bitcoin

When the U.S. says it will put tariffs on things, it makes the financial market go crazy. These tariffs not only affect normal things you invest in, but they also make the cryptocurrency world change by making investors feel less sure. When people think the economy might not be stable, they often put their money in safer places, which can make the price of Bitcoin go down[3][5].

Bitcoin ETFs and Their Impact

Another big thing that affects how much Bitcoin is worth is what’s happening with Bitcoin exchange-traded funds (ETFs). Lately, big investors have been taking their money out of these funds because they’re worried about the global economy and they want to be safe[3][5]. When big investors do this, it makes it harder for Bitcoin to stay above $90,000.

What Technical Stuff and Market Feelings Say

From a technical point of view, Bitcoin has been strong because it’s been above a certain line called the 200-day exponential moving average (EMA), which is usually a good sign[4]. But the market is still very changeable, and what happens is affected by both technical things and what’s happening in the world economy. Sometimes, a thing called the Relative Strength Index (RSI) shows that people are buying a lot of Bitcoin, but it also warns that the price might go down again[2].

What Might Happen in the Future

Even though Bitcoin is having a hard time right now, many people who study the market think it will do well in the long run. Some people think that by the end of 2025, Bitcoin could be worth between $160,000 and over $180,000[3]. But these guesses depend on if the global economy gets better and if investors feel good about Bitcoin again.

Dealing with Uncertainty

In short, Bitcoin’s struggle to stay above $90,000 shows that there are bigger economic worries and that big investors are being careful. As the world economy changes, Bitcoin’s future will depend on how well it can deal with these challenges and make investors feel good about it again. Whether Bitcoin will keep going up or go down again is still up in the air, but one thing is for sure: the next few weeks will be very important in deciding what happens next.

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Sources:
– crypto.news
– coinfomania.com
– cointelegraph.com
– thecryptobasic.com
– advfn.com