Bitcoin Recovers to $97K Amid 25% Tariffs and Fear Index Dip
Bitcoin's price has been fluctuating around $97,000 amid market reactions to new tariffs announced by U.S. President Donald Trump. The 25% tariffs on steel and aluminum have introduced additional pressure on the cryptocurrency market, briefly causing Bitcoin to dip to $94,000 before recovering. The Fear and Greed Index, a measure of market sentiment, has declined to 43, indicating cautious investor sentiment. Bitcoin's price has been stuck at $96,513 at times, unable to break the $100,000 mark. Analysts note that the tariffs, including potential reciprocal tariffs, could exacerbate inflation concerns, potentially delaying Federal Reserve policy shifts and impacting risk assets like cryptocurrencies. Despite the recovery, Bitcoin remains unable to break the $100,000 mark, with resistance levels at $100,000 and $108,000, and support at $90,000.