- BTC remains stable above $90,000 as traders await major macro and legal developments.
- U.S. jobs data in sharp focus — The NFP report could influence the Fed’s next interest rate decision.
- Supreme Court tariff ruling awaited — Uncertainty around Trump’s tariffs keeps markets on edge.
- BTC momentum cools — RSI eases and trading volume drops, signaling reduced buying pressure.
Bitcoin price is holding steady above the $90,000 level while futures linked to the main US stock exchanges remain muted, with investors hunkering down before the unveiling of crucial monthly employment figures and a potential ruling on the White House’s aggressive import tariffs.
Crypto markets stayed rangebound, with BTC, ETH, and XRP moving narrowly.
Markets on Edge as Investors Eye Signals From the Fed and Supreme Court
Markets are on edge as investors shift focus to the impending release of the December US nonfarm payrolls (NFP) report, which could offer a glimpse of the labor market at the end of the fourth quarter.
Economists are eyeing an addition of 66,000 jobs during the final month of 2025, up slightly from 64,000 in November. Meanwhile, they are also predicting a tick down of the unemployment rate from 4.6% to 4.5%.
Investors are now closely monitoring job market data, as the figures may affect the future trajectory of the Fed’s interest rate policy.
Meanwhile, the US Supreme Court is expected to issue a ruling on the legality of President Trump’s sweeping tariffs today, though this is not guaranteed.
Data from Polymarket shows that the odds of the Supreme Court ruling in favor of the tariffs have fallen to 25%.
As a result, U.S. stock futures were little changed early Friday, with investors staying cautious ahead of the closely watched outcomes.
Futures tied to the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 were hovering near flat levels.
Wall Street finished Thursday’s session with mixed results. The S&P 500 ended roughly unchanged, while the tech-focused Nasdaq Composite slipped 0.44% and the Dow Jones Industrial Average rose 0.55%.
The crypto market also remained unchained, edging up just 0.45% to a $3.09 trillion market capitalization, according to CoinMarketCap data, while the CMC Fear and Greed Index shows a neutral appetite at 41.
Also Read: Ethereum Price Drops 3% As Morgan Stanley Seeks SEC Nod For Ethereum ETF
Bitcoin Price Stable Above $90,000: Bullish Signals or Warning Signs?
As the BTC price holds steady above the $90,000, trading at $90,589 as of 8:24 a.m. EST, investors still face hurdles on the upside on the 0 Fibonacci retracement level near $94,660, followed by the -0.272 Fib extension around $98,640, which could attract profit-taking pressure.
Bitcoin Relative Strength Index on the daily chart shows that positive momentum remains intact but moderated. After surging to near 66, RSI has cooled to around 51.98, suggesting that buyers remain in control while avoiding overbought conditions.
BTC/USD Chart Analysis: TradingView
Trading volume has also dropped 12% to $37.87, a signal of reduced activity amid investor caution.
If the price of BTC remains above $90,000 and the 0.382 Fib level at $89,015, Bitcoin could recover to $92,000, with the next major target at $104,562.
Conversely, any negative news in the economic data could push prices toward $89,200, aligning once again with the 50-day SMA.
