Bitcoin’s price is ticking up, trading above $85,800 Tuesday after calming down Monday. It lost 4.29% last week. Crypto Finance reports its dominance is at 61.4%, showing it’s the pick when markets get dicey. That’s behind this little bounce. But heads up—Trump’s tariffs, economic clouds, and stagflation risks might shove it down, with stocks bitcoin price predictions dragging along in this risk-off mood.
61.4% Dominance Gets a Hand from Tether’s $735M
Crypto Finance said Tuesday that Bitcoin’s dominance hit 61.4%. That’s traders betting on BTC as the sturdy one in market stress, supporting its rise. Tether, the USDT stablecoin crew, grabbed 8,888 BTC—$735 million—from Bitfinex’s hot wallet Tuesday.
Their reserve wallet now has 92,647 BTC, valued at $7.65 billion, making it the sixth-biggest holder. That move shrinks exchange supply, easing sell pressure and nudging Bitcoin up.
Tariffs and Stagflation Could Rough Up Bitcoin
The Kobeissi Letter noted Monday that the US Trade Policy Uncertainty Index is 25%. That’s above Trump’s first trade war high—never happened before. Ray Wang’s chart says EU tariffs could hit $600 billion in imports. That might trim US GDP by 70 basis points and raise inflation by 40. Kobeissi’s calling stagflation now, and Goldman Sachs pegs a 35% recession chance next year.
With risk-off sentiment, Bitcoin’s stock ties could hurt short-term. In the long term, it might stand out as a hedge if the Fed goes easy.
$85,800 in Play: Can It Keep Going?
Bitcoin was between $85,000 and $88,000 last week. It fell below that lower mark Friday, sliding 5.53% by Sunday. Monday it steadied at $82,500. Now, on Tuesday, it’s over $85,800. RSI’s at 45, pointing toward 50—bearish vibes are slipping.
It needs to pass 50 for the rally to take off. MACD’s all knotted, so traders are on the fence. If it holds, $90,000’s next up. If it stalls, $78,258 might be the landing spot.
