Trump tariffs rattle bitcoin following dissatisfying national reserve plan

Market uncertainty fueled by trade wars and the U.S. government’s “non-purchasing” reserve plan has triggered short-term fund sell-offs in cryptocurrency exchanges, particularly in Bitcoin.

The tariff policies imposed by U.S. President Donald Trump and retaliatory measures from other nations have intensified economic uncertainty, prompting investors to exit riskier assets. Bitcoin and other cryptocurrencies have been hit hard by this declining risk appetite, leading to sustained selling pressure.

Adding to market woes, U.S. President Donald Trump’s “Strategic Reserve Asset” executive order has dampened sentiment. The order prevents new BTC purchases instead mandating the safekeeping of 200,000 BTC held by the U.S. government.

The decision deflated expectations of fresh institutional demand, intensifying selling pressure on the market.

Bitcoin struggles below key resistance

The world’s most valued cryptocurrency’s price remains close to $82,000 as of Friday, while its weekly decline nears 5%.

U.S. Bitcoin spot exchange-traded funds (ETFs) continued to see outflows yesterday, as the net outflow amounted to $143 million despite a $45.75 million capital inflow into BlackRock’s ETF.

Over the past five trading days, Bitcoin ETFs saw an outflow of approximately $1.275 billion.

According to Coinglass, the cryptocurrency market saw $199.83 million in liquidations over the past 24 hours, including $74.75 million in Bitcoin.

According to data from Coinglass, the cryptocurrency market saw $199.83 million in liquidations over the past 24 hours, including $74.75 million in Bitcoin.

Meanwhile, a significant concentration of short position liquidations is forming around the $93,000 level, with an estimated $5.55 billion in potential liquidations over the next 30 days.

Analysts agree Bitcoin must first break above this level and sustain gains, as Bitcoin’s 200-day moving average stands at $83,700, which has remained a key resistance level throughout the week.

According to technical analysis, if Bitcoin successfully surpasses this threshold, $86,000 will be the next resistance level, while on the downside, $76,500 serves as the critical support level.