Bitcoin (BTC) Stabilizes at $80,000 Amid Trump-Canada Trade Conflict Impact on Retail Demand
Bitcoin (BTC) has experienced volatility this week, with crypto traders struggling to establish a dominant trend due to conflicting market signals.
Derar Hadri 
Bitcoin (BTC) has experienced volatility this week, with crypto traders struggling to establish a dominant trend due to conflicting market signals.
On Friday, BTC briefly surpassed $83,300, marking a 3% gain from Sunday’s opening price of $80,700. However, last week’s announcement by U.S. President Donald Trump regarding trade tariffs on Canada and Mexico triggered an 8% sell-off, leading to over $900 million in liquidations.
Between Tuesday and Thursday, Bitcoin prices dipped below $80,000 for three consecutive days. If BTC retests these levels next week, traders may adjust their stop-losses or exit long positions, potentially weakening support levels.
Key Factors Influencing BTC Prices This Week:
• Trump’s Trade War Overshadowing Economic Data: Gains from CPI and PPI reports were offset by uncertainty surrounding Trump’s trade policies.
• Canadian Prime Minister Justin Trudeau’s Retaliation Threat: Trudeau vowed to counter Trump’s tariffs, further escalating tensions.
• US Non-Farm Payroll Data: Released last Friday, the report heightened inflation concerns, adding pressure on global markets.
• Bitcoin ETFs Fluctuate: On Thursday, Bitcoin ETFs saw $143 million in withdrawals, reversing $13 million in inflows from Wednesday, which had been the first positive flow since March.
• ETF Sell-Offs & Volatility: Increased ETF outflows have added short-term volatility to BTC prices, as investors react to U.S. trade uncertainties and Trump’s crypto reserve initiative.
Trump’s Bitcoin Reserve Proposal
Trump’s crypto strategic reserve initiative seeks to prevent future administrations from altering his policy, which authorizes the U.S. Treasury to hold 200,000 Bitcoin while banning its sale. Trump described this measure as a safeguard against what he calls the Democrats’ “war on crypto.”
To pass, the proposal requires 60 Senate votes and a majority vote in the House of Representatives.
Texas’ $250 Million Bitcoin Reserve Bill
Texas lawmakers have introduced HB 4258, a bill that would allocate $250 million from the state’s Economic Stability Fund to invest in Bitcoin and other digital assets.
This follows the passage of SB 778, which received bipartisan support in the Texas Senate. If HB 4258 is approved, it will allow towns and counties to invest up to $10 million in digital assets by 2025.
