The bitcoin price was trading near the $90,000 mark on Friday as cryptocurrency markets stabilized following a delay from the U.S. Supreme Court regarding its ruling on President Donald Trump’s tariff policy, providing temporary relief from macroeconomic uncertainty. At the time of writing, bitcoin was priced at $90,443, reflecting a slight decline of about 1% over the previous 24 hours. Daily trading volume was estimated at roughly $45 billion, while the total market capitalization for bitcoin dipped to approximately $1.80 trillion, also down 1% for the day.
Despite this modest pullback, bitcoin has maintained a tight trading range close to its recent highs. The cryptocurrency is currently about 2% below its seven-day peak of $91,839 and roughly 1% above its seven-day low of $89,671, based on data from Bitcoin Magazine Pro. The circulating supply of bitcoin now stands at 19,973,659 BTC, inching closer to its capped limit of 21 million coins, a structural feature that continues to support long-term bullish sentiments.
Prior to this, crypto prices had exhibited fluctuation, with traders adjusting their positions in anticipation of the Supreme Court’s decision on the legality of Trump-era global tariffs—a highly scrutinized issue perceived as a significant macro catalyst. The postponement of the court’s ruling until the following week spurred a recovery in market confidence on Friday, alleviating immediate risks across equities, bonds, and digital assets.
Bitcoin’s price hovered near the $90,000 mark as the U.S. equity markets opened, with investors reassessing their risk exposure. Analysts noted that the delay reduced concerns over potential fiscal disruptions, including the troubling possibility of the U.S. Treasury being compelled to reimburse over $130 billion to importers if the tariffs were invalidated.
In recent trends, bitcoin has increasingly aligned itself with macroeconomic factors, particularly responding to shifts in policy expectations, liquidity conditions, and geopolitical dynamics. As a result, the cryptocurrency’s price fluctuations are heavily influenced by major legal or political events, even as its long-term adoption trends remain positive.
The current bitcoin price reflects a period of consolidation following a significant rally at the beginning of the year, where it approached new short-term highs. This early-January surge rekindled bullish sentiment, although it also led to profit-taking as momentum began to wane at resistance levels.
Traders are closely monitoring the $90,000–$91,000 zone as a pivotal support area. A sustained decline below this range could lead to further downside towards the high $80,000s, whereas a resurgence above $92,000 may open doors to higher resistance levels. For the time being, bitcoin remains locked in a phase of consolidation, characterized by compressed volatility as traders await a clearer trigger for market movement.
In a related discussion, Cathie Wood, CEO of ARK Invest, recently speculated that political factors could motivate the U.S. to begin purchasing bitcoin actively by 2026. Wood argues that crypto has evolved into a significant political issue for Trump, potentially influencing policy in light of upcoming midterm elections. Currently, the U.S. holds a reserve of bitcoin comprised of confiscated assets, which Trump has vowed not to sell. The initial goal was to acquire one million BTC.
Wood suggested that the government might transition from holding only seized bitcoin to acquiring BTC outright as part of a national strategic reserve. This shift could mark a pivotal inflection point for the market, reinforcing bitcoin’s scarcity given that nearly 20 million of its total supply have already been mined.
If the U.S. were to embark on a purchasing spree of bitcoin, it is widely anticipated that the market would respond positively. At the time of writing, the bitcoin price stood at $90,814, maintaining a semblance of stability within a turbulent market landscape.
