Bitcoin struggles to stay above $90,000 due to US tariff concerns impacting ETF investors.

From Cointelegraph
March 6, 2025 7:04:31 am:

Bitcoin’s rally above $90,000 was short-lived due to macroeconomic uncertainties and reduced institutional investments. Price reached $95,000 on March 2 before forming a double-top chart pattern at $94,200, signaling a price decline. Outflows from US spot Bitcoin ETFs have added selling pressure, with over $2.6 billion in net outflows in late February.

Concerns about US tariffs may ease with potential announcements next week, calming global trade war fears. US Commerce Secretary hinted at reducing tariffs on Canada and Mexico, boosting long-term optimism. Crypto markets were impacted by tariff implementation, but Federal Reserve rate cuts could signal a turnaround.

The wider crypto market is recovering from the $1.4 billion Bybit hack on Feb. 21, the largest hack in crypto history. Trade policy uncertainty will likely keep sentiment guarded, but potential rate cuts by the Federal Reserve may indicate a positive shift for crypto markets.

Read more at Cointelegraph: Bitcoin struggles near $90K as US tariff fears spook ETF investors