Bitcoin Price Holds $90,000 After Trump Tariff Ruling Delay
The price of bitcoin was hovering near the $90,000 mark on Friday, showing stability in the crypto markets following a delay in a key ruling from the U.S. Supreme Court related to President Donald Trump’s tariff policy. This delay provided some relief from near-term macro uncertainty.
At the time of writing, the price of bitcoin was at $90,443, experiencing a slight 1% decline over the past 24 hours. The daily trading volume was around $45 billion, with bitcoin’s total market capitalization dipping to approximately $1.80 trillion, also down 1% on the day.
Despite the minor pullback, bitcoin’s price remains rangebound near recent highs, sitting about 2% below its seven-day high of $91,839 and roughly 1% above its seven-day low of $89,671. The circulating supply of bitcoin now stands at 19,973,659 BTC, edging closer to its fixed cap of 21 million coins, which continues to support long-term bullish narratives.
The uncertainty surrounding tariffs initially weighed on crypto prices this week as traders awaited the Supreme Court’s decision. However, markets moved higher on Friday after the court postponed its ruling until next week, alleviating immediate downside risks across various asset classes.
The bitcoin price remained around $90,000 near the U.S. equity market open as investors reevaluated their risk exposure. The delay in the tariff ruling eased concerns about potential fiscal disruptions, including the need for the U.S. Treasury to refund over $130 billion to importers if the tariffs were invalidated.
Bitcoin has increasingly become a macro-sensitive asset, reacting to changes in policy expectations, liquidity conditions, and geopolitical uncertainties. As a result, major legal or political developments continue to impact short-term price movements, despite the overall positive long-term adoption trends.
Following a rally in the early days of the year, the current price of bitcoin reflects a period of consolidation as it hovers around the $90,000–$91,000 range. Traders are closely monitoring this key support area, with a break lower potentially exposing downside towards the high-$80,000 range. Conversely, a move above $92,000 could open the path towards higher resistance levels.
In a recent podcast, Cathie Wood of ARK Invest suggested that politics could prompt the U.S. to actively buy bitcoin in the future. Wood highlighted that crypto has become a significant political issue, potentially influencing policy decisions leading up to the midterm elections. While the U.S. currently holds a bitcoin reserve from seized assets, there is speculation that the administration may consider purchasing BTC outright for a national strategic reserve.
Overall, the bitcoin price remains at $90,814 at the time of writing, showing resilience amidst macroeconomic uncertainties and potential political developments that could impact its future trajectory.
