Bitcoin Cools Near $96.5k As Markets Shrug Off Us Tariff Uncertainty - Full Analysis

Bitcoin held near yearly highs as traders weighed geopolitical risks and a potential US Supreme Court tariff ruling that markets appear to have already priced in.

Bitcoin (BTC) consolidated around $95,000 toward Wednesday’s Wall Street open as analysis dismissed macroeconomic threats.

While geopolitical risks and US trade policy uncertainty remain in focus, traders appeared more influenced by liquidity conditions and relative asset performance, with Bitcoin lagging gold and equities before reclaiming $95,000.

Bitcoin prepares its next move after a key daily close above the 2025 yearly open.

Gold and stocks at all-time highs contrast the volatility risk from geopolitical tensions and the US Supreme Court tariff ruling.

BTC price action faces multiple hurdles, with $100,000 a turning point.

Data from TradingView showed cooler BTC price action returning after a run to two-month highs near $96,500.

These came as geopolitical tensions involving the US increased, including fresh potential intervention in Venezuela and Iran, as well as concerns over Greenland.

At the same time, the spat between the government and Federal Reserve took on an increasingly public character, with central banks worldwide rallying in support of Fed Chair Jerome Powell.

S&P 500 futures hit fresh record highs in advance of Tuesday’s US session, while gold built on existing records on the day, reaching $4,639 per ounce.

Source: CoinTelegraph