Bitcoin News: BTC Price Struggles Below $85K Amid Tariff Wars and Option Expiry

BTC Price Stuck Under $85K: A Consequence Of Tariff Wars?

Bitcoin (BTC) price action concluded last week on a bearish note, with a brief dip below $85,000 due to sell pressure on Friday morning. At the time of writing, BTC was trading at $82,451.69, down 0.09% intraday and 6.5% over the past seven days. This sluggishness is attributed to escalating tariff wars and the expiration of $12.1 billion worth of Bitcoin option positions on March 28th, 2025, with a 0.49 call/put ratio. Despite the ratio being considered bullish, the market turned bearish due to the uncertainty around these events.

All Eyes on Trump’s Reciprocal Tariffs and Market Reactions

The confirmation of more reciprocal trade measures by the US is expected to cause a major market reaction, potentially leading to higher inflation, weaker corporate margins, and lower consumer spending. While traditional stock markets have stumbled, the cryptocurrency market is already in correction territory, with BTC significantly off its highs. Options traders are preparing for further downside. Additionally, markets will closely monitor the comments from the Fed Chair on Friday, as any indication of concern over slowing growth could lead to a renewed push into safe-haven assets, while neutrality could keep risk markets under pressure.

Metaplanet Boosts Bitcoin Holdings with 696 BTC Purchase

Metaplanet has strengthened its position in the cryptocurrency market by acquiring an additional 696 Bitcoins. This move further expands the company’s growing Bitcoin reserves, signaling confidence in the digital asset’s long-term value. As the market continues to evolve, Metaplanet’s strategic purchase reflects its commitment to increasing its stake in Bitcoin, one of the most widely recognized and trusted cryptocurrencies. This acquisition is a notable step in the company’s broader cryptocurrency investment strategy.

Four Signals That Could Push Bitcoin Even Higher

Is Bitcoin at $80,000 out of reach? For some analysts, it’s quite the opposite: this threshold would be a buying opportunity. The market swings between bullish enthusiasm and fears of a correction, but several fundamental indicators invite reassessment. On March 28, Bitcoin reached a local peak of $87,241 before correcting to $81,331 on March 31, triggering the liquidation of $230 million in long positions on Bitcoin futures contracts. Despite this correction, which occurred amidst tension in traditional markets, Bitcoin may still have room to grow, with a fundamental dynamics emerging that is quite different from past cycles.

BTC Bull Token Raises $4.3M in Viral Presale

March has seen Bitcoin (BTC) fluctuate between the $77,000 and $95,000 levels, causing uncertainty. Despite this, BTC Bull Token’s (BTCBULL) developers are confident in its growth potential. BTCBULL is a new presale project where holders benefit from Bitcoin airdrops when BTC hits new price milestones. Traders have invested $4.3 million in the presale, and analysts are giving bullish forecasts. BTCBULL aims to distinguish itself from other meme coins with upcoming token burns and airdrops.