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Bitcoin held steady on Monday, stabilizing after a period of intense volatility, as investor sentiment improved slightly on the back of temporary U.S. tariff exemptions on electronics from China. However, ongoing trade war tensions, weak risk appetite, and recession fears kept gains in check across crypto markets.
As of 02:13 ET (06:13 GMT):
- Bitcoin was down 0.2% at $84,447.00, consolidating above last week’s lows near $74,000
Modest Relief Fails to Ignite Crypto Rally
The stabilization in Bitcoin followed news that U.S. President Donald Trump would temporarily exclude smartphones, computers, and electronics from the latest round of reciprocal 145% tariffs on China. The move offered short-term relief to markets, especially tech stocks, and helped ease some immediate concerns over supply chain disruptions and inflationary spillovers.
However, Trump clarified on Sunday that the exemption is temporary, and that new tariffs on semiconductors and other electronics are imminent, keeping broader markets — including crypto — on edge.
Bitcoin Trails Broader Market Gains
While equity and oil markets posted solid rebounds on Monday, Bitcoin lagged behind, reflecting its sensitivity to speculative sentiment and the broader macroeconomic outlook.
- Speculative assets like Bitcoin tend to underperform during periods of global economic stress, as capital rotates into safe-haven assets like gold and the Japanese yen
- Meanwhile, expectations for a U.S. recession in 2025 have increased, further limiting crypto’s upside potential
Michael Saylor Signals Possible Bitcoin Accumulation
Adding to market speculation, Michael Saylor, chairman of Strategy (NASDAQ:MSTR) — the largest corporate holder of Bitcoin — posted cryptic messages on social media platform X hinting at another potential BTC purchase.
- Saylor shared a BTC holdings tracker, a signal he has used before making public disclosures of acquisitions
- Strategy currently holds over 80,715 BTC, but recently reported a $5.9 billion unrealized loss on its holdings due to the sharp decline in Bitcoin’s price earlier this month
While Saylor’s posts sparked curiosity, they failed to meaningfully move prices, underscoring market fatigue in response to corporate buying news during a bearish macro backdrop.
Altcoins Mixed as Trade Jitters Linger
The broader cryptocurrency market remained range-bound, mirroring Bitcoin’s consolidation:
- Ether (ETH): +0.4% to $1,622.57
- XRP: -0.4% to $2.1331
- Solana (SOL): +2.7%
- Cardano (ADA): -0.6%
- Polygon (MATIC): -3.2%
Meme coins also struggled:
- Dogecoin (DOGE): Flat
- $TRUMP token: -3.1%
Outlook: Uncertainty Likely to Cap Crypto Upside
With Trump poised to unveil new tariffs and China showing no signs of backing down, markets are bracing for further trade war volatility. For crypto, that means reduced speculative inflows, continued price instability, and limited upside until macro conditions improve.
Key factors to watch this week:
- Trump’s announcement on semiconductor tariffs
- Fed Chair Jerome Powell’s speech on Wednesday
- Recession indicators and risk sentiment shifts across global markets
Unless there’s a clear de-escalation in U.S.-China tensions or a surprise policy pivot from the Fed, crypto may remain in consolidation mode, with traders exercising caution ahead of the next major macro catalyst.
