BTC Price Update: $90,540 🔽 -0.39%
Bitcoin (BTC) surged past the $92,000 mark early Monday, hitting an intraday high of $92,406 before losing momentum and settling around $90,540. The start of the week showed bullish sentiment across the crypto market, although selling pressure has returned, keeping BTC slightly down on the session.
Key Market Drivers
1. Fed-Trump Escalation
Tensions between Federal Reserve Chair Jerome Powell and former President Donald Trump escalated after the US Department of Justice served subpoenas to the Fed and threatened potential criminal charges linked to Powell’s Senate testimony. Powell described the investigation as politically motivated, stating that it’s a consequence of the Fed holding interest rates higher than what Trump prefers.
“The threat of criminal charges is a consequence of the Fed setting interest rates based on our best assessment of what will serve the public, not political preferences.” – Jerome Powell
This conflict has shaken confidence in the US Dollar, fueling interest in decentralized assets like Bitcoin.
2. Debanking and Stablecoin Moves
The Cato Institute reported that most US debanking cases result from government pressure, particularly affecting crypto companies. Meanwhile, Tether froze $182M USDT across five Tron wallets within 24 hours, possibly due to illicit activity. Stablecoin controls and government scrutiny continue to influence market dynamics.
3. Market Sentiment & Technical Outlook
Analysts point to renewed interest in Bitcoin as a “non-sovereign risk asset”, particularly in times of political and monetary instability.
Bitunix: Confidence in dollar credibility and central bank independence impacts Bitcoin’s risk premium.Will Clemente: “This environment is literally what Bitcoin was created for. Metals are ripping as sovereigns diversify reserves.”
BTC Price Action:
Early week high: $92,406Monday close: $91,494 (+0.99%)Monday intraday high: $93,870 (+2.60%)Subsequent volatility saw BTC dip to $89,200, then recover to $91,026.
Technical indicators suggest mixed momentum, with buyers and sellers battling to establish control, while market sentiment shows gradual improvement via Matrixport Greed & Fear Index, hinting at potential recovery.
Summary
Bitcoin is trading near $90K–$93K, experiencing volatility driven by geopolitical tension, Fed scrutiny, and market sentiment shifts. Analysts highlight that BTC’s decentralized, non-sovereign nature makes it increasingly attractive amid political pressure and USD uncertainty.
Investors are advised to monitor key inflation data and follow developments around the Fed-Trump feud, which could significantly impact BTC in the short term.
Suggested Trade View (For Traders)
Support: $90,000 – $91,000Resistance: $92,400 – $93,500Sentiment: Mixed/Bullish bias if BTC holds $90K
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