Bitcoin inched higher on Tuesday, reclaiming some of its weekend losses as traders weighed extended profit?taking against persistent uncertainty over U.S. trade tariffs and broader economic risks.
Bitcoin’s Recent Price Action
After briefly dipping to $103,000 over the weekend—down from nearly $112,000 earlier in May—Bitcoin ended Tuesday up 0.5% at $105,319.20 as of 01:19?ET. While former MicroStrategy (NASDAQ:MSTR) purchases totaling $75?million provided a modest floor, the cryptocurrency has traded within a roughly $100K–$110K corridor amid mixed signals.
Track real?time Bitcoin prices and volume data: Cryptocurrency Daily API
Tariff Uncertainty Keeps Crypto Rangebound
Investor sentiment in crypto often mirrors risk appetite. With U.S.–China trade tensions flaring—and no near?term deal in sight—markets have remained cautious:
U.S.–China Tariff Rhetoric: Renewed threats of higher tariffs threaten global growth, undermining risk?asset appetite.
Geopolitical Risks: Faltering U.S.?Iran nuclear talks and ongoing Russia?Ukraine hostilities have added to the climate of uncertainty.
Although Bitcoin isn’t directly tied to trade policy, its speculative nature makes it vulnerable whenever global risk sentiment sours.
Stay on top of evolving crypto?related news and analyses: Crypto News API
What to Watch Next
U.S. Tariff Developments: Any announcement of new tariffs or trade negotiations will likely ripple through risk markets—and by extension, crypto.
Macro Data Releases: Key U.S. economic indicators (e.g., PMI, jobless claims) will inform Fed policy expectations and broader risk sentiment.
Institutional Flows: Large purchases, such as MicroStrategy’s recent $75?million acquisition, can provide sporadic support but won’t override macro headwinds.
By keeping an eye on trade policy headlines and major economic data, you can better anticipate the next leg of Bitcoin’s rangebound trading.