On yesterday, the bitcoin price hovered around the $90,000 level as crypto markets found stability after the U.S. Supreme Court postponed a significant ruling related to President Donald Trump’s tariff policy, providing a brief respite from immediate macroeconomic uncertainty. At the time of this report, bitcoin’s price was recorded at $90,443, reflecting a decline of approximately 1% in the last 24 hours, based on market data. Daily trading volume reached around $45 billion, with bitcoin’s total market capitalization decreasing to about $1.80 trillion, reflecting a 1% decline on the day. Despite the slight dip, the bitcoin price continues to stay closely confined around its recent peaks. The asset is presently trading approximately 2% lower than its seven-day peak of $91,839 and around 1% higher than its seven-day trough of $89,671, according to data from Bitcoin Magazine Pro. Bitcoin’s circulating supply has reached 19,973,659 BTC, moving closer to its capped limit of 21 million coins — a fundamental aspect that consistently supports long-term optimistic outlooks.
Crypto prices experienced some fluctuations this week as traders adjusted their positions in anticipation of a possible Supreme Court ruling regarding the legality of Trump-era global tariffs, which is seen as a significant macro catalyst. Markets experienced an uptick on Friday as the court postponed its ruling until next week, alleviating immediate downside risk across equities, bonds, and digital assets. The bitcoin price remained steady at approximately $90,000 as the U.S. equity market opened, with investors reevaluating their risk exposure. Analysts noted that the delay alleviated worries regarding sudden fiscal disruptions, particularly the risk that the U.S. Treasury might have to reimburse over $130 billion to importers if the tariffs were invalidated. Bitcoin has shown a growing tendency to trade as a macro-sensitive asset, responding to changes in policy expectations, liquidity conditions, and geopolitical uncertainty. Consequently, significant legal or political events persist in shaping short-term price movements, while long-term adoption trends continue to hold steady.
Bitcoin’s price is currently in a phase of consolidation after the rally seen earlier this year. The current price indicates a cooling phase following the recent surge in bitcoin’s value during the early days of the year, which briefly approached new short-term highs. The early-January rally sparked renewed bullish sentiment, yet it also led to profit-taking as momentum waned near resistance levels. Traders are closely monitoring the $90,000–$91,000 zone, identifying it as a crucial support area. A sustained break lower could expose downside toward the high-$80,000 range, while a move back above $92,000 would likely reopen the path toward higher resistance levels. Currently, bitcoin is in a state of consolidation, characterized by compressed volatility as traders look for a more definitive catalyst.
Cathie Wood recently stated that political factors might lead the U.S. to actively purchase bitcoin in 2026. Wood contends that crypto has emerged as a significant political matter for President Trump, likely influencing policy as the midterm elections approach. The U.S. is currently in possession of a bitcoin reserve derived from seized assets, with Trump committing to not sell any of the bitcoin. The initial objective was to amass one million BTC. Wood indicated during her discussion that the administration might transition from merely holding confiscated bitcoin to actively acquiring BTC for a national strategic reserve. Crypto has also emerged as a more organized political constituency, backing Trump and interacting with the White House through events and donations. On the policy front, executive orders have set up the reserve and stockpile, accompanied by suggestions for a Treasury-led expansion. Wood identifies government purchases as a possible turning point in the market, emphasizing bitcoin’s scarcity with nearly 20 million of its 21 million cap already mined. If the United States were to begin purchasing bitcoin, it’s reasonable to expect that the bitcoin price would respond favorably.