Bitcoin Slipped Under $95,000

Bitcoin slipped on Monday as renewed geopolitical tensions and economic uncertainty rattled crypto markets ahead of a closely watched Federal Reserve interest rate decision.

The cryptocurrency dropped by 1.5% over the past 24 hours, slipping under the $95,000 mark as of 09:00 ET.

Bitcoin had recently breached the $97,000 threshold amid a rally sparked by pessimistic U.S. economic data and anticipation of Fed action.

However, market momentum stalled as President Donald Trump unveiled a 100% tariff on foreign-made films as part of his ‘America First’ economic platform.

Trump’s Tariffs Stir Global Market Concerns

Trump’s populist tariffs are a broad attempt to reshore U.S. manufacturing, having previously targeted steel, aluminum, cars, and consumer goods in April.

While Hollywood isn’t a traditional flashpoint for monetary policy, the move stirred broader market concerns that Trump’s populist tariffs could stoke inflation and spark retaliatory action from global trade partners.

Bitcoin, often treated as a hedge against fiat instability, initially benefited from tariff fears in April but has since reversed course amid tightening U.S. policy expectations.

Bitcoin’s Volatility Reflects Macro Jitters

The recent drop in Bitcoin - from over $97,000 to the $94,000 range - illustrates how deeply interconnected crypto markets have become with broader macroeconomic signals.

Once seen as an isolated asset class, Bitcoin is now routinely observed to react to:

This marks a shift from past cycles, where Bitcoin’s internal dynamics (such as mining or halving cycles) dominated price action. In 2025, external policy shocks - particularly from the White House or the Fed - are increasingly driving volatility.

Broader Crypto Market Feeling the Pressure

Bitcoin wasn’t alone in the sell-off. Ethereum dropped 2.5% on the day, while meme coins like Dogecoin and Pepe saw double-digit declines.

DeFi platforms also reported slowing user activity amid the uncertain rate outlook.

Despite the pullback, analysts see long-term upside for Bitcoin. “It’s acting like a high-beta macro asset right now,” said crypto strategist Lina Zhang. “Once policy stabilizes, Bitcoin could resume its role as a global hedge.”

Investors now await the Fed’s decision and press conference, which may determine Bitcoin’s next leg.

If the Fed signals a prolonged hold or hints at future tightening, Bitcoin may struggle to hold current levels.

On the other hand, any unexpected dovish pivot - or renewed instability from tariff blowback - could reignite interest in decentralized assets.