Bitcoin price traded near the $90,000 mark on Friday as crypto markets steadied after a delay by the US Supreme Court on a closely watched ruling linked to President Donald Trump’s tariff policies, temporarily easing near-term macro uncertainty.
At the time of writing, the price of bitcoin stood at $90,443, down about 1% over the past 24 hours, according to market data. Daily trading volume was around $45 billion, while bitcoin’s total market capitalization fell to approximately $1.80 trillion, also down 1% on the day.
Despite the modest pullback, bitcoin price remains tightly bounded near recent highs. The asset is currently about 2% below its seven-day high of $91,839 and about 1% above its seven-day low of $89,671 per Bitcoin Magazine Pro data.
Bitcoin’s circulating supply now stands at 19,973,659 BTC, which is closer to its fixed cap of 21 million coins – a structural feature that continues to support long-term bullish narratives.
Tariff uncertainty weighs, then lifts bitcoin price
Crypto prices initially faltered this week as traders positioned themselves ahead of a potential Supreme Court decision on the legality of Trump-era global tariffs, widely seen as a key macro catalyst.
However, markets rallied on Friday after the court delayed its ruling until next week, reducing immediate downside risk across stocks, bonds and digital assets.
Bitcoin price hovered around $90,000 near the US stock market open as investors reassessed risk exposure.
Analysts said the delay eased concerns about sudden fiscal disruptions, including the possibility that the U.S. Treasury could be forced to refund more than $130 billion to importers if the tariffs were struck.
Bitcoin has increasingly traded as a macro-sensitive asset, responding to changes in political expectations, liquidity conditions and geopolitical uncertainty.
As a result, major legal or political developments continue to affect short-term price action even as long-term adoption trends remain intact.
Bitcoin price in consolidation after early year rally
The current price reflects a cooling period after the bitcoin price surged in the opening days of the year, briefly pushing towards new near-term highs.
That rally in early January fueled bullish sentiment, but also triggered profit-taking as momentum waned near resistance.
Technically, traders view the $90,000-$91,000 zone as an important support area. A sustained breakdown could reveal downside towards the high-$80,000 range, while a pullback above $92,000 would likely reopen the path towards higher resistance levels.
For now, bitcoin remains locked in consolidation, with volatility compressed and traders awaiting a clearer catalyst.
Will the US buy Bitcoin?
Cathie Wood of ARK Invest said in a recent podcast that politics could drive the US to actively buy bitcoin by 2026. Wood argues that crypto has become an enduring political issue for President Trump, potentially shaping policy ahead of the midterm elections.
While the US currently has a bitcoin reserve consisting of seized assets, Trump has promised not to sell any of the bitcoin, and the original goal was to acquire one million BTC.
Wood suggested in his conversation that the administration may move from only confiscating bitcoin to buying BTC directly for a national strategic reserve.
Crypto has also emerged as a more organized political constituency that supports Trump and engages with the White House through events and donations. On the political side, decrees have established the reserve and the stock with recommendations for fiscally controlled expansion.
Wood sees government purchases as a potential market pivot, adding to bitcoin’s scarcity as nearly 20 million of its 21 million cap has already been mined. If the US were to start buying bitcoin, it is safe to assume that the bitcoin price would react positively.
At the time of writing, the bitcoin price is $90,814.