Bitcoin Rebounds as Market Faces Fresh Uncertainty
By Manoj Dharra
Bitcoin (BTC-USD) regained some ground in early Thursday trading, edging closer to the $85,000 mark after a volatile day sparked by macroeconomic fears. The modest uptick comes after Federal Reserve Chair Jerome Powell warned that proposed tariff hikes from President Trump could accelerate U.S. inflation and drag on growth.
Powell’s comments triggered a sharp sell-off across the crypto market, with Bitcoin dropping from near $86,000 to lows of $83,700 before rebounding to around $84,800. Major altcoins also took a hit but are now showing signs of recovery.
Gold surged to a fresh all-time high above $3,322 amid the uncertainty, reaffirming its role as a safe haven, while Treasury yields slipped before ticking slightly higher Thursday morning.
One of the key concerns remains the outflow from spot Bitcoin ETFs, which recorded a significant $171.1 million in withdrawals on Wednesday alone — the highest daily outflow this week.
Despite the jitters, the broader crypto market is showing cautious optimism. Global market capitalization now stands at $2.67 trillion, up 1.36% in the last 24 hours, with trading volumes climbing to $76.64 billion — a sign of renewed investor interest.
Among altcoins, AVAX, XRP, LINK, and ADA are all posting gains of more than 2%. Solana (SOL) rose over 6% to $133.12, driven by news that real estate firm Janover expanded its position with an $80,567 SOL purchase worth $10.5 million.
Raydium (RAY), the Solana-based AMM, jumped nearly 11% to $2.32 after launching its memecoin factory, LaunchLab — a direct competitor to Pump.fun. Meanwhile, meme favorite Fartcoin extended its rally, climbing over 12% in 24 hours and nearly 26% on the week as whales continue scooping it up.
Tech Check: Bitcoin’s momentum is faltering near the $86,000 resistance level, with technicals showing a potential bearish crossover between the 50- and 100-hour SMAs. A drop below $83K could lead to a deeper slide toward $75K, while a breakout above $86K would support continued recovery.
Market Outlook: Investors should watch macro factors and policy signals closely as the market navigates between geopolitical risk and growing institutional interest.
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