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 prices are under pressure again and fell 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 postponed a ruling on tariff policies.

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

Unexpected Bitcoin Price Drop

The decline in Bitcoin’s price happened after the U.S. Supreme Court did not issue a ruling on the tariff lawsuit, even though that day had been 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 putting downward pressure on risk assets, including Bitcoin and the overall crypto market.

In addition to 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 potentially triggering the collapse of the yen carry trade strategy and pushing sell-offs across various global assets.

Macro Uncertainty and the Fate of Tariffs

Uncertainty in Japan was also exacerbated by rising government bond yields following the Prime Minister’s announcement of an unexpected election plan to boost fiscal spending.

Meanwhile, data from Polymarket shows that the probability of the U.S. Supreme Court ruling in favor of tariffs has now reached 37 percent, a significant increase from around 28 percent previously. This increase in odds also weighs on crypto market sentiment.

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 threats of tariffs on goods from China.

On the other hand, some analysts remain pessimistic. Veteran technical analyst Peter Brandt predicts that 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 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 price movements in the near future.