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Bitcoin Stabilizes at $85K as Tariff Uncertainty Fuels Market Jitters

Temporary tech tariff exemptions provide brief relief, but mixed messaging and inflation fears keep crypto markets on edge.

Overview

  • Bitcoin is trading near $85,000 after a volatile week, with traders closely monitoring key resistance levels around $86,000.
  • President Trump's mixed signals on technology tariffs, including temporary exemptions, have created uncertainty for both traditional and cryptocurrency markets.
  • Warnings from financial figures like Ray Dalio highlight systemic risks, with concerns that aggressive tariffs could lead to a monetary order breakdown and recession.
  • Inflation expectations are rising, with a Federal Reserve survey showing 44% of respondents anticipating higher unemployment and a 3.6% inflation rate over the next year.
  • Analysts suggest Bitcoin could see significant price movements, with potential support at $79,000 and a breakout above $86,000 possibly leading to $97,000.