Drama Tarif Trump Continues, Bitcoin Loses Key Level of $90,000

Source: TokocryptoBlog Original Title: Drama Tarif Trump Berlanjut, Bitcoin Kehilangan Level Kunci $90.000 Original Link:

Bitcoin Price Under Pressure Below $90,000

Bitcoin prices are under pressure again, falling through the psychological level of US$90,000 for the first time since the beginning of the year. This weakening occurs amid increasing global uncertainty after the U.S. Supreme Court delayed a ruling on President Donald Trump’s tariff policy.

According to TradingView data, Bitcoin briefly touched a daily low of US$89,800, down more than 2 percent in a single day from its high of around US$93,000. This decline nearly erases all gains for the year and now shows a year-to-date (YTD) increase of only about 2 percent (YTD).

Unexpected Bitcoin Price Drop

The Bitcoin price drop happened after the U.S. Supreme Court did not issue a ruling on Trump’s tariff lawsuit, even though that day was scheduled as an opinion announcement day. Of the three rulings released, none addressed the tariff issue, prolonging uncertainty about the president’s authority to set import tariff policies.

This situation was further worsened by the U.S. government’s plan to impose a 10 percent tariff on several European countries, including France, Germany, the UK, the Netherlands, Denmark, Norway, Finland, and Sweden, starting February 1. If the Supreme Court rules in favor of the tariff policy, the market perceives this move as potentially pressuring risk assets, including Bitcoin and the overall crypto market.

In addition to the U.S. factors, pressure on Bitcoin also comes from Asia. Markets responded to concerns over further interest rate hikes in Japan after the Bank of Japan signaled a tighter monetary policy. This condition is seen as capable of triggering the collapse of yen carry trade strategies and pushing sell-offs across various global assets.

Macro Uncertainty and Trump Tariff Fate

Uncertainty in Japan was also exacerbated by rising government bond yields following Prime Minister Sanae Takaichi’s announcement of a surprise election plan to boost fiscal spending.

Meanwhile, data from Polymarket shows the probability of the U.S. Supreme Court supporting Trump’s tariffs has now reached 37 percent, a significant increase from around 28 percent previously. This increased likelihood also weighs on crypto market sentiment.

Trump’s previous tariff policies are also cited as one of the triggers for Bitcoin’s sharp correction late last year. The crypto market plunged on October 10 after Trump threatened to impose tariffs of up to 100 percent on Chinese goods.

On the other hand, some analysts remain pessimistic. Veteran technical analyst Peter Brandt predicts Bitcoin’s price could still fall further into the range of US$58,000 to US$62,000.

Along with this pressure, market participants are also beginning to lower their short-term rally expectations. Polymarket notes that the chance of Bitcoin breaking US$100,000 before the end of the month is now only 12 percent, reflecting waning investor optimism about near-term price movements.