Bitcoin Drops 1.9% to $89,003.65 Amid Tariff Fears and Inflation Concerns

Bitcoin's price has been a topic of intense speculation, particularly with regards to whether it will break the $100,000 mark again by 2025. Recent market fluctuations have seen Bitcoin's price drop by over 1.9% in the last 24 hours, currently standing at $89,003.65, which is nearly 22.49% below its all-time high. Despite this dip, experts remain optimistic about Bitcoin's long-term prospects.

Cory Klippsten, CEO of Swan Bitcoin, predicts that Bitcoin could surpass $109,000 by June. He believes that Bitcoin has at least a 50% chance of reaching a new all-time high by then, despite short-term drops. Klippsten attributes the recent price dip to macroeconomic uncertainties, including tariff policies and inflation fears. He argues that these factors have affected the Bitcoin market, with the price slipping by approximately 14% since the introduction of aggressive tariff policies by the US President.

Klippsten also notes that the current downtrend in the Bitcoin market is short-term in nature. He points out that institutional demand for Bitcoin remains steady and strong, and long-term investors are not selling their holdings. This momentum from the $100K breakout is still strong, according to Klippsten. He also highlights that the market showed a decline of -3.19% in December 2024, a monthly return of +9.54% in January 2025, a return of -17.5% in February, and a growth of 5.53% so far this month.

The recent announcement by the Trump administration to establish a crypto strategic reserve has not had a significant impact on the Bitcoin market. Experts believe that the lack of clarity regarding the amount of Bitcoin the government would buy led to disappointment in the crypto community. Despite this, the overall sentiment remains bullish, with analysts predicting that Bitcoin will trade between $85,000 and $95,000 for the next 6 to 12 weeks before rebounding to $100,000.

Some long-term forecasts suggest that Bitcoin could reach $200,000 by the end of 2025 and even $500,000 by 2