Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Wednesday, October 21
    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

    Ether bets were wiped out at six times bitcoin’s rate in crypto’s $1 billion flush

    October 9, 2026
    Bitcoin

    Bitcoin news: The last time this happened to BTC, it was 2012 – CoinDesk

    September 23, 2026
    Bitcoin

    Bitcoin hits highest level since January at $85,000, as the market debates whether the 'crypto winter' is over – CNBC

    September 21, 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 Sentiment Returns To Neutral After 10% Market Drop

    August 20, 2025
    Bitcoin

    Former Bitcoin Miner Firmus Became A $10.5B AI Infrastructure Company

    August 8, 2026
    Bitcoin

    What Might Push Bitcoin to New Highs in 2026?

    December 28, 2025
    What's Hot

    4 Coins That Could 4X as US Stock Market Adds $1.5T

    March 25, 2025

    Bond Yields Sink on Fed Bets as Stocks Hit a Wall: Markets Wrap

    July 11, 2024

    London stocks begin recovery after global market turmoil – The Irish News

    April 8, 2025
    Most Popular

    Wall Street ends higher on tech stocks, falling oil prices, and bond market rally By Investing.com

    August 25, 2026

    Network Rail to set up property company to deliver 40,000 homes | Politics News

    March 26, 2025

    BTC Reclaims $71K as US-Iran Ceasefire Proposal Lifts Market Sentiment

    March 25, 2026
    Editor's Picks

    Millions of drivers who were mis-sold car finance to receive £829 average payout

    March 30, 2026

    Asia upbeat on Wall St boost as markets await US inflation data

    August 28, 2025

    Manx Utilities seeking land for solar energy generation

    February 24, 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.