Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Monday, August 17
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Bitcoin»Bitcoin Price Prediction as Trump Caps Card Rates at 10%
    Bitcoin

    Bitcoin Price Prediction as Trump Caps Card Rates at 10%

    January 10, 20263 Mins Read


    Join Our Telegram channel to stay up to date on breaking news coverage

    Bitcoin price has traded tightly between $90,200 and $90,700 over the last 24 hours, currently at $90,659 as of 12:34 a.m. EST. BTC has been holding steady above $90,000, with indecisive trading between $89,000 and $94,000.

    As President Donald Trump continues jarring markets with announcements aimed at making homes more affordable, the president has swiveled yet another consumer burden by demanding that credit-card lenders cap interest rates at 10% for a year starting January 20.

    TRUMP: WILL NO LONGER LET CREDIT CARD COMPANIES TO CHARGE 20-30% INTEREST RATES

    TRUMP: JAN 20 WILL CALL FOR ONE YEAR CAP OF CC INTEREST RATES TO 10%

    — *Walter Bloomberg (@DeItaone) January 10, 2026

    “Effective January 20, 2026, I, as President of the United States, am calling for a one-year cap on Credit Card Interest Rates of 10%,” Trump wrote on Truth Social, without providing more details.

    Trump had earlier made this pledge during the 2024 campaign, which he won.

    “Please be informed that we will no longer let the American Public be ’ripped off’ by Credit Card Companies,” Trump added.

    The cap would primarily affect banks that issue cards, such as JPMorgan Chase, Citigroup, and Capital One Financial, by limiting their interest revenue. This may lead to a challenge in court, as it harms credit access and violates market principles.

    On the other hand, BTC’s price previously peaked at $126,000 in early October but later faced downward pressure amid global financial uncertainty. Can the Bitcoin price still recover to overcome the $94,000 barrier?

    Bitcoin Price Analysis: Technicals Support A Rally In The Short Term

    According to the BTC/USD chart analysis on the 4-hour chart, the BTC price is currently facing prolonged resistance at the $94,000 level, with historical trend movements suggesting an incoming rally.

    Technicals are also supporting a surge, with Bitcoin trading well above the 200-day Simple Moving Average (SMA) ($89,311) and the moving averages forming a golden cross around $89,271. The 50-day SMA at $91,456 serves as the next overhead resistance, putting BTC under short-term pressure.

    Meanwhile, the Bitcoin Relative Strength Index shows a moment of indecision, trading around the neutral 46 level, as the price continues to trade within the $90,000 range from January 7.

    However, the Moving Average Convergence Divergence (MACD) has turned positive, with the blue MACD line crossing above the orange signal line.

    BTC/USD Chart Analysis Source: TradingViewBTC/USD Chart Analysis Source: TradingView
    BTC/USD Chart Analysis Source: TradingView

    As the technicals turn positive, Bitcoin could surge above the 50-day SMA, with the price heading toward the $94,000 resistance area.

    On the downside, a drop below $89,000 could trigger a downtrend, potentially pushing Bitcoin to the $87,200 support.

    Related News:

    Best Wallet – Diversify Your Crypto Portfolio

    Best WalletBest Wallet
    • Easy to Use, Feature-Driven Crypto Wallet
    • Get Early Access to Upcoming Token ICOs
    • Multi-Chain, Multi-Wallet, Non-Custodial
    • Now On App Store, Google Play
    • Stake To Earn Native Token $BEST
    • 250,000+ Monthly Active Users

    Best WalletBest Wallet


    Join Our Telegram channel to stay up to date on breaking news coverage





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBitcoin (BTC) Outlook Turns Cautious After US Data Weakens Rate Cut Hopes
    Next Article House buying expert predicts the best UK areas for house-hunting in 2026

    Related Posts

    Bitcoin

    Bitcoin, XRP, Ethereum, and Solana Drop. Will Crypto Recover by the End of 2026?

    August 16, 2026
    Bitcoin

    4 Reasons This Could Be the Most Important Week of August for Bitcoin and XRP

    August 16, 2026
    Bitcoin

    ‘Crypto Is Dead’ Chatter Surges as Bitcoin Holds Near $63,000 Support Level

    August 16, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Bitcoin

    Bitcoin Price News: Post-SOTU Rally Hits Key Resistance at $66,000

    February 25, 2026
    Bitcoin

    BTC price steady near $77,500 as derivatives signal cooling momentum, cautious sentiment

    April 24, 2026
    Art

    Gabriel Malak: The Emotional Architecture of the Female Form

    March 29, 2025
    What's Hot

    UK stock market rules shake-up not universally popular | Business News

    July 11, 2024

    Henderson Land earnings cut in half amid downbeat Hong Kong property, retail markets

    August 21, 2024

    Bitcoin Likely to Extend Its Correction With Lower Support Levels in Focus

    November 14, 2025
    Most Popular

    China stocks to remain volatile amid fiscal stimulus speculation- UBS By Investing.com

    October 15, 2024

    Finance verte ou solidaire, l’essor des placements alternatifs pour donner du sens (et du poids) à son épargne

    February 7, 2025

    Goldman Sachs accentue son exposition aux ETF Bitcoin de BlackRock et Fidelity

    May 12, 2025
    Editor's Picks

    LM Funding America, Inc. publie une mise à jour non auditée de son activité de minage de Bitcoin pour le mois de juin 2025

    July 8, 2025

    U.S. stock futures steady; earnings, retail sale data awaited By Investing.com

    February 10, 2026

    CME Bitcoin Futures Now Trade 24/7, Ending the Weekend Gap Era for Good

    May 28, 2026
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.