On Friday, Bitcoin’s value hovered close to the $90,000 threshold as cryptocurrency markets stabilized following a postponement by the U.S. Supreme Court regarding a significant ruling linked to former President Donald Trump’s tariff policies. This delay temporarily reduced short-term macroeconomic uncertainties.
At the time of reporting, Bitcoin was priced at $90,443, reflecting a slight decline of about 1% over the previous 24 hours based on market statistics. The daily trading volume reached approximately $45 billion, while Bitcoin’s overall market capitalization decreased by 1%, settling near $1.80 trillion.
Despite this minor dip, Bitcoin remains tightly confined within a narrow range close to its recent peak values. Currently, it trades roughly 2% below its seven-day high of $91,839 and about 1% above its seven-day low of $89,671 according to data from Bitcoin Magazine Pro.
The circulating supply of Bitcoin now stands at 19,973,659 BTC — steadily approaching its maximum limit of 21 million coins — an inherent characteristic that continues to support optimistic long-term investment perspectives.
The Impact of Tariff Uncertainty on Bitcoin Prices
This week saw some volatility in crypto prices as investors anticipated a Supreme Court decision concerning the legality of tariffs imposed during Trump’s administration—a factor considered highly influential for macroeconomic conditions.
However, markets rallied on Friday after the court postponed its verdict until next week. This deferral alleviated immediate downside risks across stock markets, bond markets and digital currencies alike.
Bitcoin traded around the $90K mark coinciding with U.S equity market openings as traders reassessed their risk exposure levels.
Experts noted that this delay diminished fears over sudden fiscal disruptions such as potential reimbursements exceeding $130 billion from importers if these tariffs were invalidated by law.
Increasingly viewed through a macroeconomic lens rather than purely speculative means,
Bitcoin reacts sensitively to changes in policy outlooks,
liquidity shifts,
and geopolitical tensions.
This dynamic ensures that major legal or political events continue influencing short-term price movements even though long-term adoption trends remain strong and consistent.
A Period Of Consolidation After Early-Year Gains
The current pricing reflects consolidation following an early-year surge where bitcoin briefly approached new short-term highs.
This initial rally rekindled bullish enthusiasm but also led some investors to take profits once momentum slowed near resistance levels.
From a technical standpoint,
the zone between $90K and $91K is being closely monitored as critical support.
A sustained drop below this could open doors toward declines into high-$80K territory whereas surpassing resistance above
$92K might pave way for further upward movement toward stronger resistance points.
For now,
bitcoin remains range-bound with subdued volatility awaiting clearer catalysts before making decisive moves forward or downward.
Cathie Wood’s Perspective: Could The US Government Buy Bitcoin?
Cathie Wood from ARK Invest recently shared her view via podcast suggesting political factors might prompt U.S authorities
to actively purchase bitcoin starting in 2026.
She explained how cryptocurrency has become entrenched politically under President Trump’s influence potentially shaping future policy decisions ahead
of midterm elections.
Currently,the United States holds bitcoin reserves derived primarily from seized assets.Trump had committed not selling any portion while initially aiming for acquiring one million BTC.
Wood speculated that government strategy may evolve beyond holding confiscated bitcoins towards direct purchases establishing national strategic reserves.
Cryptocurrency communities have also grown more organized politically supporting Trump through events donations,and engagement with White House officials.Executive orders have formalized reserve creation along with recommendations encouraging Treasury-led expansion efforts.
Wood views official acquisitions by government entities as possible turning points reinforcing scarcity since nearly twenty million out of total twenty-one million bitcoins have already been mined.If Washington starts buying bitcoin,it would likely trigger positive price reactions within crypto markets.
The last recorded price stood at approximately $90,814.
This article originally appeared on “Bitcoin Magazine” authored by Micah Zimmerman.