BTC up 2% as Mkt Responds to Global Economic Shifts

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BTC up 2% as Mkt Responds to Global Economic Shifts

By Manoj Dharra

Bitcoin is finally showing signs that a positive trend change is underway — but traders need more signal and less noise to flip bullish.

Bitcoin was trading at $88,600, up by 2.5%. Whereas Ethereum was changing hands at $1630, up 0.5 %.

The global crypto market cap is $2.75tn, a 0.10% increase over the last day.

The reason is familiar yet arguably also surprising — the US trade war, primarily focused on China…

Whereas previously Bitcoin fell in line with stocks on trade war headlines, it seems that now that relationship is starting to reverse.

Instead, as gold hits new all-time highs, BTC is following it — potentially repairing its status as a hedge against macro uncertainty in the process. Gold rose above $3,500 an ounce for the first time, driven by a flight from US stocks, bonds, and the dollar due to concerns about President Donald Trump firing Federal Reserve Chair Jerome Powell and The question for Bitcoiners is whether BTC/USD is finally ready to follow, in line with historical precedent.

It’s all downhill for the US dollar as US–China relations become ever more unnerving. The US Dollar Index is now at levels not seen since March 2022, and recent history has seen nothing like the kind of collapse now underway.

Paul Atkins has officially been sworn in as the 34th chairman of the US Securities and Exchange Commission. Meanwhile, RSR token launched by a stablecoin project, Reserve Protocol, previously advised by Paul Atkins soared 13.6% as Coinbase confirmed its listing.

Mantra says CEO has begun the process of burning his 150mn OM tokens, reducing the total supply to 1.67 billion, with another 150 million from “key ecosystem partners” to also be burned. However, Mantra is down by 3.11%, trading at $0.51.

Tether, Inc. has resumed USDT minting on the TRON network, adding a total of $10 billion in the stablecoin since the start of 2025. Hence, Tron is up by 1.5%, trading at $0.2477.

More than 70 cryptocurrency exchange-traded funds (ETFs) are slated for review by the US Securities and Exchange Commission (SEC) this year. According to Bloomberg analyst Eric Balchunas, the list includes proposed ETFs holding a range of assets, from altcoins to memecoins to derivatives instruments.

If the crypto market favors the bulls, this could push the price of Bitcoin toward its immediate resistance zone of $90,000.

Conversely, if the bears regain momentum, the BTC coin price could drop toward its important support level of $87,000.

Outlook

Trump may be preparing to fire Powell for refusing to cut interest rates faster is the latest concern for markets. The mood on Wall Street has turned from optimism to a ‘Sell America’ mode as Trump upends the global trade order with levies, a move that economists have said will boost inflation and push the US into a recession.

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