Bitcoin Retreats to $90,000 Amid Friday Rally Setback
Bitcoin experienced a pullback to $90,000 following an unsuccessful rally attempt on Friday. This price movement comes amidst a backdrop of mixed U.S. employment data for December, higher inflation expectations, and a pending ruling on the Trump Administration's tariffs by the U.S. Supreme Court.
Bitcoin's price dipped to $90,000 after failing to sustain its earlier rally on Friday. The cryptocurrency market witnessed a volatile session as investors digested a range of economic indicators and political developments.
Amidst this backdrop, U.S. employment data for December painted a mixed picture, reflecting ongoing uncertainties in the labor market. Additionally, inflation expectations ticked higher, adding pressure to the overall market sentiment.
Furthermore, the U.S. Supreme Court's delay in delivering a ruling on the Trump Administration's tariffs added to the air of uncertainty surrounding global trade policies.
Bitcoin's retreat to $90,000 highlighted the fragility of the market, with investors closely monitoring geopolitical events and economic data releases for further insights into the future trajectory of cryptocurrencies.