Crypto and Traditional Markets Monitor Global Sentiments, Bitcoin Eyes $100,000

Both crypto and traditional markets are closely watching global sentiments that could influence asset movements. One of the key events in focus is the upcoming statement from Federal Reserve Chair Jerome Powell.

Bitcoin Faces Pressure, Trump’s Tariff Decision Fuels Recovery

Bitcoin briefly dropped below USD 95,000 on February 9, 2025, following reports that China planned to impose tariffs on U.S. energy imports, including crude oil and liquefied natural gas.

However, a swift response from U.S. President Donald Trump, who imposed a 25% tariff on steel and aluminum imports, helped Bitcoin recover to USD 97,838 by 8:00 AM WIB on February 11.

Ethereum Gains Investor Interest

Meanwhile, Ethereum (ETH) emerged as the preferred asset last week, as investors saw a buying opportunity when ETH prices fell to around USD 2,100. Data from SosoValue indicated that U.S. spot Ethereum ETFs attracted USD 420 million in inflows, surpassing Bitcoin ETF inflows for the first time this year.

Currently, Ethereum is trading at around USD 2,670, still 45% below its all-time high of USD 4,878 in November 2021.

At the same time, U.S. spot Bitcoin ETF trading continued to see positive inflows of USD 203.54 million between February 3-7, 2025, even as investors remained cautious about risk assets amid uncertainties stemming from U.S. tariff policies.

Key Economic Data Releases to Watch

Over the next few days, markets will focus on several crucial economic reports that could impact both traditional and digital assets:

• Tuesday, February 11, 2025: Fed Chair Jerome Powell will testify before Congress, providing further insights into the direction of U.S. monetary policy, especially following the Fed’s decision to keep interest rates unchanged in January.
• Wednesday, February 12, 2025: Release of the Consumer Price Index (CPI), which measures inflation from a consumer perspective. A lower-than-expected inflation rate could be a bullish catalyst for Bitcoin and other digital assets by reducing the likelihood of tighter monetary policies.
• Thursday, February 13, 2025: Release of the Producer Price Index (PPI), which tracks inflation at the producer level. Rising PPI figures could reinforce Bitcoin’s narrative as a hedge against inflation.
• Friday, February 14, 2025: U.S. Retail Sales data, offering insights into consumer spending trends. Strong retail sales figures could boost speculative assets like Bitcoin, while weaker data may push investors toward Bitcoin as a safe-haven asset.

Bitcoin’s Bullish Potential Remains Open

Ajaib Financial Expert Panji Yudha stated that Bitcoin’s potential rally beyond USD 100,000 remains open, particularly as regulatory support grows. Several U.S. states have started introducing legislation to establish Bitcoin reserves, fueling speculation about a global Bitcoin accumulation race.

Additionally, Jerome Powell’s testimony on February 12-13, 2025, will be a key event for the markets. If Powell signals a more accommodative (dovish) monetary stance, it could provide a bullish boost for crypto markets. Conversely, if he emphasizes the need for tighter policies to curb inflation, Bitcoin and altcoins may face selling pressure.

"Despite ongoing uncertainties from trade policies and upcoming economic data releases, overall sentiment toward Bitcoin remains optimistic. With growing institutional adoption and more favorable regulations, Bitcoin could soon test the psychological USD 100,000 level," Panji concluded.

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