Bitcoin returns under $90K as crypto market liquidates $150M in hours
Bitcoin (BTC) sold off at the Mar. 3 Wall Street open as US trade tariffs kept risk-asset traders on their toes.
BTC/USD 1-hour chart. Source: Cointelegraph/TradingView
Bitcoin braces for Trump “investment announcement”
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping below $90,000, shedding up to 5% on the day.
Initial excitement over the prospect of a US strategic crypto reserve saw weekly highs before sell-side pressure kicked in as TradFi returned.
A suggestion from US Commerce Secretary Howard Lutnick on CNN that President Donald Trump should decide on tariffs against Canada later on in the day contributed to a nervous open for stocks.
Bitcoin’s own reversal took its toll on longs, with cross-crypto…
