Bitcoin stays below $100,000 ahead of crucial inflation report

On Tuesday, Bitcoin, the world’s leading cryptocurrency, saw its price continue to hover below $100,000, as uncertainty lingered around President Donald Trump’s decision to impose fresh tariffs.

Bitcoin is trading at $96,919 at the time of writing, according to CoinGecko.

This week's impending inflation report will also play in a key role in determining Bitcoin's price.

“The combination of fresh tariffs, [Federal Reserve Chair Jerome] Powell’s testimony, and key inflation data creates a perfect storm for market volatility,” said Lukman Otunuga, Senior Analyst at FXTM. “If tariffs fuel inflation fears, the Fed may be forced into a more hawkish stance, adding further uncertainty. Investors should brace for major moves in the dollar, equities, and gold."

Meanwhile, Bitcoin also saw its mining difficulty soar to new levels this week, hitting 114.7 trillion, representing a 5.6% jump for mining difficulty.

Despite President Donald Trump's support, Bitcoin's price has risen sluggishly this month, trailing the price growth of eggs. A new United States Department of Agriculture report indicates that Trump’s second presidency has seen an over 13% spike in egg prices, with most American shoppers encountering sky-high grocery store receipts, particularly when shopping for eggs.

Despite Bitcoin’s laggard growth in 2025, some firms are doubling down on their Bitcoin-based investment strategies in anticipation of a pro-Bitcoin regulatory landscape under Trump. MicroStrategy, the company holding the greatest amount of Bitcoin on its balance sheets, recently announced the acquisition of $742.2 million in Bitcoin.

“Corporate adoption of Bitcoin and crypto is accelerating, and ETFs [exchange-traded funds] have a lot to do with it,” said Dom Harz, co-founder of the Build On Bitcoin Layer-2 hybrid blockchain network. “The most interesting change we’ve seen over the last two years is the mood shift between Bitcoin once being a speculative bet and now being a strategic play for corporations.”