{"id":6269,"date":"2025-03-05T17:36:30","date_gmt":"2025-03-05T17:36:30","guid":{"rendered":"https:\/\/cryptonewsdesk.com\/?p=6269"},"modified":"2025-03-05T17:36:31","modified_gmt":"2025-03-05T17:36:31","slug":"bitcoin-crosses-90k-will-the-momentum-continue","status":"publish","type":"post","link":"https:\/\/cryptonewsdesk.com\/index.php\/2025\/03\/05\/bitcoin-crosses-90k-will-the-momentum-continue\/","title":{"rendered":"Bitcoin Crosses $90K \u2013 Will the Momentum Continue?"},"content":{"rendered":"\n<p>Bitcoin has surged past the $90,000 mark, rebounding from its recent dip below $83,000 following the market crash triggered by former President Donald Trump\u2019s tariff announcement. The leading cryptocurrency briefly peaked at $90,364 on March 5 at 10:40 UTC, marking a significant recovery from its previous downturn.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Bitcoin\u2019s Price Movement and Market Impact<\/strong><\/h3>\n\n\n\n<p>According to crypto.news data, Bitcoin began the day trading just above $80,000 before experiencing an 8% surge to reach $90,301 at press time. Unlike previous instances where Bitcoin corrected sharply after reaching new highs, it has so far maintained its position above the $90,000 threshold, only experiencing minor fluctuations.<\/p>\n\n\n\n<p>Despite the price surge, Bitcoin\u2019s 24-hour trading volume has declined by 20.8% to $57.4 billion. However, its market capitalization has grown by 7.4%, reaching $1.78 trillion, reflecting the overall bullish sentiment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Will Bitcoin Stay Above $90K?<\/strong><\/h3>\n\n\n\n<p>Fundstrat\u2019s head of research, Tom Lee, believes Bitcoin could establish a market bottom as early as this week. He predicts that before a sustained recovery, BTC could face short-term volatility, potentially dropping as low as $62,000 in the near term.<\/p>\n\n\n\n<p>On the other hand, network economist Timothy Peterson provided a more optimistic outlook, stating that historical data suggests a 95% probability that Bitcoin will not fall below $69,000.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>The Trump Effect on Bitcoin\u2019s Rally<\/strong><\/h3>\n\n\n\n<p>Bitcoin saw a significant boost after Trump reaffirmed his commitment to establishing a U.S. crypto reserve, surging by 8% and reaching over $93,000. However, the rally was short-lived, as Bitcoin quickly dropped nearly 10% to $83,180 after Trump confirmed that trade tariffs on Canada and Mexico would take effect on March 4.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Market Outlook<\/strong><\/h3>\n\n\n\n<p>While Bitcoin\u2019s climb above $90,000 is a positive sign, traders remain cautious amid ongoing market volatility. The next few days will be critical in determining whether Bitcoin can solidify its position or if another pullback is imminent.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has surged past the $90,000 mark, rebounding from its recent dip below $83,000 following the market crash triggered by former President Donald Trump\u2019s tariff announcement. The leading cryptocurrency briefly peaked at $90,364 on March 5 at 10:40 UTC, marking a significant recovery from its previous downturn. Bitcoin\u2019s Price Movement and Market Impact According to&#8230;<\/p>\n","protected":false},"author":3,"featured_media":6270,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[63,70],"tags":[69,86,281],"class_list":["post-6269","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-news","category-finance","tag-bitcoin","tag-market","tag-price-analysis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Bitcoin Crosses $90K \u2013 Will the Momentum Continue? - Crypto News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonewsdesk.com\/index.php\/2025\/03\/05\/bitcoin-crosses-90k-will-the-momentum-continue\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Crosses $90K \u2013 Will the Momentum Continue? - Crypto News\" \/>\n<meta property=\"og:description\" content=\"Bitcoin has surged past the $90,000 mark, rebounding from its recent dip below $83,000 following the market crash triggered by former President Donald Trump\u2019s tariff announcement. 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