Bitcoin Price Holds $90,000 as Tariff Ruling Delay Eases Some Macro Jitters

Bitcoin traded near $90,000 as the U.S. Supreme Court delayed its ruling on the legality of President Donald Trump’s global tariff policies. The decision reduced near-term macroeconomic uncertainty, stabilizing digital assets and broader markets. The price hovered just below its seven-day high of $91,839, signaling consolidation after a brief early-year rally. Market capitalization for Bitcoin fell to about $1.8 trillion, reflecting a 1% decline in 24 hours. Traders observed the $90,000–$91,000 range as critical support. A sustained break below that level could expose Bitcoin to further downside toward the high-$80,000 range.

Bitcoin’s circulating supply has reached 19,973,659 BTC, nearing its 21 million cap. This structural scarcity continues to underpin long-term bullish narratives.

Why Did This Happen?

The Supreme Court's delay of its ruling on Trump-era tariffs eased concerns about potential fiscal disruptions. Analysts noted that the decision reduced the risk of the U.S. Treasury refunding over $130 billion to importers if the tariffs were deemed illegal.

The ruling had previously caused market volatility as traders positioned for potential outcomes. Now, with the decision postponed until next week, risk assets have stabilized. Bitcoin, in particular, has increasingly mirrored macroeconomic trends, reacting to shifts in policy and liquidity.

How Did Markets Respond?

Following the delay, Bitcoin briefly rose to near $92,000 on Friday. The broader crypto market capitalized at over $3.1 trillion, with Ethereum and XRP also posting gains.

However, Bitcoin closed at around $90,443, down 1% for the day. Daily trading volume reached approximately $45 billion, reflecting moderate liquidity.

What Are Analysts Watching Next?

Cathie Wood of ARK Invest has speculated that the U.S. government could begin purchasing Bitcoin for a national strategic reserve. The current reserve is composed of seized assets, but Wood believes the administration may move toward direct market purchases.

Wood also highlighted political motivations, noting that Trump may use crypto as a platform to secure additional legislative support ahead of the 2026 midterms.

Traders are watching technical indicators to determine the next price direction. Bitcoin remains in consolidation, with volatility compressed and awaiting a clear catalyst.

Spot Bitcoin ETFs have seen recent outflows, shedding over $1 billion in early January. These outflows suggest cautious investor sentiment, contrasting with the initial post-holiday inflows.

Long-term projections for Bitcoin suggest potential for a significant rebound following down years. Historical data indicates an average return of nearly 100% in the year following a negative close.

Market analysts remain attentive to the possibility of a U.S. government purchase, which could act as a catalyst for broader institutional adoption. The current political climate appears favorable for such moves, given Trump's continued support for crypto initiatives.

With volatility remaining elevated and institutional interest growing, Bitcoin’s next move will likely depend on a combination of macroeconomic developments and regulatory actions.