Bitcoin Price Set for $100K Breakout as Trump Media Files Trademark for $250M Crypto Investment

Quick Summary:

  Bitcoin Price Stabilizes at $96,000 as Bearish Headwinds from U.S.-China Trade War Subside Bitcoin (BTC) has held steady above $96,000 over the past 48 hours, recovering from a week of intense sell-side pressure triggered by mounting tensions in the U.S.-China trade war.

The latest bout of selling pressure was largely attributed to fears of worsening trade relations between the two largest economies, leading to capital outflows from risk assets.

Despite geopolitical uncertainty rattling global markets, Bitcoin’s ability to maintain key support levels suggests strong institutional demand and renewed investor confidence.

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Article Details

Author / Journalist: ibrahim

Category: Crypto

Markets: IndiaChina

Topics: Price Analysis BTC price analysis Bitcoin BTC price

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-09 @ 00:12:57 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 555 words

Reading Time: 4 minutes read

Sentences: 41 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 25987096

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 16 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 11 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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Publisher ID: #59

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