Bitcoin Holds Above $80,000 Amid Tension Tariff Policies
The U.S. trade policy, driven by President Donald Trump’s constant tariff announcements, has fueled volatility, fear, and uncertainty in the markets.
Investors worry that these measures could push the U.S. into a recession—concerns that the government has yet to dispel.
In an interview with NBC, Treasury Secretary Scott Bessent admitted that there are “no guarantees” the country will avoid a recession. However, he defended the current policies, stating they aim to “reset the economy” and prevent a deeper collapse. “Corrections are healthy and normal,” Bessent added, in an attempt to ease market concerns.
The strong correlation between cryptocurrencies and U.S. equities has transferred this nervousness to the crypto market. Investors are now focused on this week’s Federal Reserve (Fed) meeting.
While interest rates are expected to remain unchanged, any signals regarding inflation and the central bank’s stance will be crucial, especially given the potential impact of tariffs on monetary policy.
Crypto Market Performance
Cryptocurrencies start the week on uncertain footing. Bitcoin (BTC) has dipped 0.5% in the past 24 hours, trading around $82,940, according to Binance. Meanwhile, most altcoins are posting gains of up to 5.2%, led by Binance Coin, followed by Stellar (+3.4%) and Litecoin (+3.3%). Ethereum is up 0.2%, trading at $1,900.
Technical Analysis: Key Levels for Bitcoin
Bitcoin’s key trading range remains between $79,000 and $90,000, with price consolidating in this zone as the market awaits new catalysts.
Sentiment remains in “fear” territory. While outflows have slowed, they remain negative.
If Bitcoin breaks below the $79,000 level, it could trigger a bearish move toward $73,000
ABOUT THE AUTHOR
See More
Sidebar rates
Add 3442
Related Posts
SaveAdd 3440
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals