Bitcoin prices have recently been stable at around $85,000, showing minimal movement despite wider market uncertainty. Stability comes when the cryptocurrency market is tackling the economic impact of US President Trump’s tariffs. The World Trade Organization warns that these tariffs could slow global growth and add more uncertainty to the market. Resistance to cut interest rates in the Federal Reserve is also a factor, with Chairman Jerome Powell saying the full impact of tariffs is still unknown and it is too early for the Fed to adjust its policies.
Despite Bitcoin’s price stability, analysts are hoping for an occasional dip before cryptocurrency reaches its next major milestone of $90,000. BRN analyst Valentin Fourner highlighted the continued rise in Bitcoin’s market advantage. He is optimistic about Bitcoin’s resilience and points out that he is “overweight” in his macro resilience strategy, but he holds a neutral position in Solana and Ethereum. Bitcoin has dropped by 9.3% since the beginning of the year, while Ethereum has experienced a more severe decline of 52%.
The lack of positive market catalysts is another challenge for the crypto space, with few signals causing purchase pressure. However, a potential shift may be ongoing as it has become clear that Binance, one of the biggest crypto exchanges, is advising the nation on how to establish Bitcoin reserves. Binance CEO Richard Teng explained that Trump’s move to create digital asset reserves has encouraged other countries to explore similar strategies.
Overall, the lack of important price actions has led many to wonder about Bitcoin’s future trajectory. Analysts say the inability to find a positive market catalyst contributes to the relative stagnation. Nevertheless, Bitcoin’s advantage remains strong, some suggesting that it will outperform altcoins in the coming months.
The geopolitical situation, particularly the ongoing trade tension between the US and other countries, continues to play a key role in Bitcoin’s market behavior. Bitcoin is often seen as a hedge against inflation and economic instability, but its price movements are not immunity to broader economic trends. As things evolve, it remains to be seen whether Bitcoin will be able to break through the $90,000 mark or whether the market will face more volatility in the near future.