Bitcoin remained stuck near the $90,000 level (around ₨25.5 million PKR) as traders avoided fresh positions ahead of a highly anticipated US Supreme Court ruling on trade tariffs. The uncertainty kept crypto and broader risk markets rangebound, despite fresh US economic data and expectations that the Federal Reserve will keep interest rates unchanged this month.
At the opening of Wall Street trading, Bitcoin hovered around $90,000 as investors waited for clarity on whether the US Supreme Court will strike down President Donald Trump’s trade tariffs. The decision is seen as a potential volatility trigger for global markets, including cryptocurrencies, as tariffs directly affect inflation expectations, trade flows, and investor risk appetite.
Market participants largely ignored weaker than expected US unemployment data, with traders already pricing in a pause in interest rate cuts by the Federal Reserve. This combination of legal and macro uncertainty kept Bitcoin locked in a tight range.
US trade tariffs have broader implications beyond traditional markets. If ruled illegal, they could ease global trade tensions, weaken the dollar, and improve risk sentiment—factors that often support Bitcoin and other digital assets. Betting markets currently lean toward the tariffs being struck down, adding to short-term suspense.
Crypto analysts describe Bitcoin as a “no-trade zone” for now. Price actio
n has remained sideways for nearly two months, with BTC repeatedly testing key moving averages without a clear breakout. Some traders are watching the ₨24.6 million ($88,000) and ₨25.8 million ($92,000) levels closely, while others point to an unfilled CME futures gap that could influence short-term direction.
Analysts stress that holding above the 21-day moving average could prevent a deeper correction, but a decisive move will likely depend on the Supreme Court’s ruling and broader market reaction.
A clear legal outcome on tariffs could finally break Bitcoin out of its current range. Until then, traders are expected to remain cautious, waiting for stronger signals before committing capital.
