$BTC Traders Eye Breakout to New Highs as Trump Says Tariff Deals Progressing
The crypto market is consolidating near $3 trillion, with bitcoin hovering around $95,000 and analysts predicting a possible breakout.
Spot bitcoin ETFs saw a $56 million outflow, ending an eight-day streak of inflows totaling nearly $3 billion.
Analysts suggest that prolonged consolidation and negative funding rates may lead to a strong upward move in bitcoin, with macroeconomic factors also influencing market sentiment.
Per Bloomberg, Trump acknowledged Wednesday that his tariff program had a perception problem and posed a significant political risk, but he remained determined to push on. He said “potential deals” with South Korea, India, and Japan were already in place and that a deal with China was progressing in his favor.
