
Bitcoin holds $109K despite global uncertainty
Bitcoin continues to trade steadily around the $109,000 mark, maintaining its ground even as broader market sentiment becomes more cautious. The world’s largest cryptocurrency saw a brief lift earlier in the week, boosted by the excitement of “crypto week”, a series of high-profile industry events that often generate investor optimism. But that momentum quickly ran into resistance.
Global concerns have taken centre stage again. Renewed fears over potential U.S. trade tariffs, especially toward China, have made investors nervous. At the same time, uncertainty around interest rate decisions from the Federal Reserve is weighing on risk assets, including crypto. While many had hoped for clear signals of upcoming rate cuts, recent Fed commentary has been more cautious. That’s added to the feeling of instability, making traders hesitant to take bold positions.
Despite the headwinds, Bitcoin’s ability to hold near six-figure territory signals underlying confidence in the asset. However, a true breakout above $110K will likely require more than event-driven enthusiasm it will take either a shift in macro sentiment or a significant catalyst within the crypto space. For now, Bitcoin is stuck between two forces: bullish energy from within the crypto world, and economic uncertainty from outside of it. How long it can maintain this balance, and which direction it moves next remains to be seen.