Bitcoin Holds Steady at $85,000 as Tariff and Inflation Concerns Weigh on Markets

Cryptocurrency markets show caution with Bitcoin-focused ETFs seeing inflows, while altcoins like Ethereum and Dogecoin face sharper declines.

Bitcoin's price remains stable between $85,000 and $87,000, showing resilience despite market volatility tied to President Trump's 25% tariff on imported automobiles.
Ethereum and Dogecoin have experienced steeper losses, with Ethereum dropping nearly 6% to $1,895 and Dogecoin losing 7% to $0.1815 in the last 24 hours.
The global cryptocurrency market capitalization has fallen by 0.24% over the past day, standing at $2.84 trillion, reflecting cautious investor sentiment.
Institutional interest in Bitcoin continues, as Bitcoin-focused ETFs report nearly $1 billion in net inflows over the last two weeks, contrasting with outflows from Ethereum-based funds.
Investors are closely monitoring the release of the U.S. Personal Consumption Expenditures (PCE) index, a key inflation measure, which could influence Federal Reserve policy and market direction.