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Bitcoin struggles near $90K as US tariff fears spook ETF investors

cryptoweekly by cryptoweekly
March 6, 2025
in bitcoin, News
0

Bitcoin ETFs continue limiting BTC’s recovery as institutional investors have pulled back, “reacting to macroeconomic uncertainties,” such as Trump’s trade tariffs.

Bitcoin’s recent rally above the key psychological threshold of $90,000 proved short-lived, with analysts pointing to ongoing macroeconomic uncertainties and a significant reduction in institutional investments in cryptocurrency markets.

Bitcoin (BTC) staged a near 10% recovery to above $95,000 on March 2 before forming a double-top chart pattern around $94,200 on the daily chart, a setup that indicates an imminent price decline.

Bitcoin bottomed at around $81,400 the following day and has since been struggling to remain above the $90,000 mark, TradingView data shows.

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  • New Zealand bans crypto ATMs in crackdown on criminal cash conversions
  • SharpLink Gaming pops 28% as Ethereum holdings surpass $533M
  • Bitcoin lacks ‘sustained momentum’ for new high as traders are hesitant
  • US charges 2 men over $650M OmegaPro crypto scam
  • Bitcoin lacked mass media coverage in Q2: Report
  • Crypto traders ‘starting to salivate’ as Bitcoin inches back toward $110K
  • US sanctions North Korean tech worker crew over crypto thefts

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