Bitcoin recently jumped above $90,000 but quickly lost momentum due to ongoing economic uncertainties and reduced institutional investment. After briefly recovering to over $95,000 on March 2, it dropped to around $81,400. Analysts highlight that significant outflows from Bitcoin exchange-traded funds (ETFs) and concerns over new US tariffs are putting additional pressure on the cryptocurrency’s price. Despite these challenges, some experts remain optimistic, predicting that Bitcoin could reach between $160,000 and $180,000 by late 2025. Upcoming announcements regarding US tariffs may bring relief to Market concerns, while the crypto sector continues to recover from recent incidents, including a major hack.
Bitcoin Hits $90,000 but Struggles to Stay Above
Bitcoin made headlines recently by rallying past the $90,000 mark for a brief moment. However, this surge was short-lived, as analysts point out that various macroeconomic factors and a drop in institutional investments are affecting its price stability.
After a significant increase, Bitcoin (BTC) rose nearly 10% to over $95,000 on March 2. It then formed a double-top pattern around $94,200, which typically signals a potential downturn. The following day, Bitcoin’s value fell to about $81,400, and it has been fighting to maintain its position above the $90,000 threshold since then.
Ongoing concerns about the cryptocurrency Market include heavy outflows from U.S. spot Bitcoin exchange-traded funds (ETFs). According to Ryan Lee, chief analyst at Bitget Research, these are putting additional pressure on Bitcoin as institutional investors shy away, likely due to current economic uncertainties.
Continued outflows from Bitcoin ETFs have now reached their fourth consecutive week, with over $2.6 billion leaving the Market just in the last week of February. This trend suggests that many investors are opting for safer assets amid rising economic instability.
The situation is further complicated by new tariff announcements, which have heightened inflation worries. Analysts, including Lee, have noted that these tariffs have influenced investor strategies, prompting a shift from riskier investments like Bitcoin to more stable options.
Despite these setbacks, there is cautious optimism for Bitcoin’s price in the future. Price predictions for late 2025 range from $160,000 to over $180,000, indicating that some analysts believe in a recovery.
In the coming week, there’s hope that concerns about a global trade war will ease. Diana Kalchev from the digital asset investment platform Nexo notes that potential announcements could improve sentiments in cryptocurrency markets.
As the Market regains its footing from recent turmoil, including the fallout from a major hack, many remain eager to see how these economic factors will continue to shape Bitcoin’s future.
For updates on Bitcoin and other cryptocurrencies, stay tuned!
What’s happening with Bitcoin near $90K?
Bitcoin is struggling to stay above $90,000. Recent fears about tariffs in the U.S. are making investors nervous, especially those interested in Bitcoin ETFs (Exchange-Traded Funds).
Why are U.S. tariffs affecting Bitcoin?
U.S. tariffs create uncertainty in the Market. When investors fear trade issues, they tend to pull back on investing in risky assets, including Bitcoin and cryptocurrency ETFs.
What are ETF investors worried about?
ETF investors worry that if tariffs increase, it could harm the economy, making people less likely to invest in things like cryptocurrencies. This uncertainty can lead to price drops.
Will Bitcoin rise again after this dip?
It’s hard to say for sure. If trade tensions ease and investors regain confidence, Bitcoin could bounce back. However, ongoing Market concerns can keep it volatile.
How can I stay updated on Bitcoin trends?
You can follow financial news, subscribe to cryptocurrency newsletters, and keep an eye on Market analysis. Staying informed will help you understand the factors affecting Bitcoin’s price.
