Bitcoin has surged to a new yearly and intraday high of $90,000 as the new year kicks off, sparking bullish sentiments among market participants. This comes as Trump continues to push for the tariffs ahead of the Supreme Court’s ruling on whether they are legal.
Bitcoin Rises To New Yearly High Of $90,000
TradingView data shows that the flagship crypto has surged to a new yearly high of $90,000 today, rising from an intraday high of around $88,300. The price surge comes as BTC looks to recover from its downtrend towards the end of last year, which led to a 2025 loss of around 6%.
Bitcoin’s rally to $90,000 today also comes amid the expiry of $2.2 billion crypto options, which has also sparked volatility. Meanwhile, BlackRock had transferred $101 million worth of BTC to Coinbase, likely to offload these coins.
Crypto traders are already betting on what price the flagship crypto can hit this year, with sights on its current all-time high (ATH) around $126,000. Polymarket data shows an 81% chance that BTC will hit $100,000 this year. Furthermore, there is a 36% chance that the crypto asset could rally to 130,000, marking a new ATH.
A CryptoQuant analysis also predicted that Bitcoin could rally to as high as $170,000 this year. However, for that to happen, easing expectations will need to materialize early, and ETF inflows will need to stabilize. The analysis also stated that a drop to the $50,000 range was feasible if persistent ETF outflows end up pushing the flagship crypto below $80,000.
Trump Pushes For Tariffs Ahead Of Supreme Court Ruling
U.S. President Donald Trump has again defended his tariffs ahead of the Supreme Court ruling. In a Truth Social post, he stated that tariffs are an “overwhelming benefit” to the U.S., as they have been incredible for national security and prosperity.
Trump further remarked that losing the ability to impose tariffs on countries that treat the U.S. unfairly would be a terrible blow to the country. His statement comes ahead of the Supreme Court ruling and is significant considering the impact that the Trump tariffs had on the BTC price last year.
Crypto traders are currently betting on the Supreme Court ruling against the Trump tariffs. Polymarket data shows that there is only a 26% chance that the court rules in favor of these tariffs.