Skip to content Skip to sidebar Skip to footer

Bitcoin breaks through the $90k threshold, will it last?


Bitcoin has surpassed $90,000, bouncing back from its dip below $83,000 after the crypto market crashed due to Trump’s tariff announcement.

According to data from crypto.news, BTC (BTC) briefly surged to a peak price of $90,364 on March 5 at around 10:40 UTC. The largest cryptocurrency by market cap started the day trading just barely above $80,000, now it appears to be rebounding from its previous slump.

At press time, Bitcoin has gone up by 8% and is currently trading hands at $90,301. It has managed to stay above the $90,000 mark, only dipping slightly instead of making an instant correction as previous instances have shown. In the past week, BTC has increased slightly by 1.9%. But in the past month, it has seen more lows than highs as it has slipped by 6.1%.

The effect has carried over to BTC’s market cap, boosting it by 7.4% to $1.78 trillion. In contrast, the token’s 24 hour trading volume has declined by 20.8%, standing at $57.4 billion.

Price chart showing BTC reaching beyond $90,000 on March 5, 2025 | Source: crypto.news

Will Bitcoin stay above $90k?

Earlier today, Fundstrat’s head of research, Tom Lee said that he expects a BTC market bottom to form as early as this week. This means the asset will usually bounce from certain lower levels as the market bottom acts as a springboard, shooting the price upwards.

The analyst explained that he expects more short-term volatility before BTC can bounce back. According to Lee, the bottoming phase could send BTC hurtling lower to $62,000 this month, dragging it down to one of its lowest levels in the past four months.

On the other hand, Network economist Timothy Peterson said in a recent post that “there is a 95% chance” that Bitcoin will not fall below $69,000. He used a chart that expands on BTC’s lowest price based on historical data to predict where the price won’t fall.

Bitcoin experienced a boost after Trump reaffirmed his plans to establish a crypto reserve, surging 8% and reaching above $93,000. However, the rally did not last as only a day after the announcement, Bitcoin fell back by nearly 10% to $83,180. Many traders believed it was due to Trump’s declaration that trade tariffs on Canada and Mexico will take effect on March 4.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.



Source link

Leave a comment

About
Privacy Policy Terms and Conditions
Products
Advertise Get Listed
Support
Contact Us Disclaimer
Learn
Crypto 360 Consulting
Community
  • Steakhouse EURCV Morpho VaultSteakhouse EURCV Morpho Vault(STEAKEURCV)$0.000000-100.00%
  • Calamari NetworkCalamari Network(KMA)$0.0023166.98%
  • Stride Staked InjectiveStride Staked Injective(STINJ)$16.52-4.28%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • JDBJDB(JDB)$0.021575-0.61%
  • FibSwap DEXFibSwap DEX(FIBO)$0.0084659.90%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • TruFin Staked APTTruFin Staked APT(TRUAPT)$8.020.00%
  • EquityPayEquityPay(EQPAY)$0.0564755.44%
  • DYORDYOR(DYOR)$0.00000018.98%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • bitcoinBitcoin(BTC)$83,822.00-0.13%
  • VNST StablecoinVNST Stablecoin(VNST)$0.0000400.67%
  • ethereumEthereum(ETH)$1,907.91-0.85%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.35-2.45%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • binancecoinBNB(BNB)$601.770.86%
  • Wrapped SOLWrapped SOL(SOL)$143.66-2.32%
  • SolanaSolana(SOL)$133.35-0.01%
  • usd-coinUSDC(USDC)$1.000.00%
  • cardanoCardano(ADA)$0.73-1.82%
  • dogecoinDogecoin(DOGE)$0.171986-1.18%
  • tronTRON(TRX)$0.217482-1.53%
  • Lido Staked EtherLido Staked Ether(STETH)$1,906.54-0.81%
  • Gaj FinanceGaj Finance(GAJ)$0.0059271.19%
  • Content BitcoinContent Bitcoin(CTB)$24.482.55%
  • USD OneUSD One(USD1)$1.000.11%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$83,713.000.03%
  • Pi NetworkPi Network(PI)$1.492.57%
  • UGOLD Inc.UGOLD Inc.(UGOLD)$3,042.460.08%
  • ParkcoinParkcoin(KPK)$1.101.76%
  • leo-tokenLEO Token(LEO)$9.741.71%
  • ToncoinToncoin(TON)$3.4116.22%
  • stellarStellar(XLM)$0.270087-1.28%
  • USDSUSDS(USDS)$1.000.01%
  • Wrapped stETHWrapped stETH(WSTETH)$2,283.75-1.01%
  • HederaHedera(HBAR)$0.189011-2.14%
  • AvalancheAvalanche(AVAX)$19.032.80%
  • Shiba InuShiba Inu(SHIB)$0.0000131.22%
  • SuiSui(SUI)$2.31-1.86%
  • litecoinLitecoin(LTC)$91.23-2.03%
  • Yay StakeStone EtherYay StakeStone Ether(YAYSTONE)$2,671.07-2.84%
  • bitcoin-cashBitcoin Cash(BCH)$333.47-4.33%
  • MANTRAMANTRA(OM)$6.621.33%
  • polkadotPolkadot(DOT)$4.27-0.89%
  • Pundi AIFXPundi AIFX(PUNDIAI)$16.000.00%
  • PengPeng(PENG)$0.60-13.59%
  • Ethena USDeEthena USDe(USDE)$1.000.00%
  • Steakhouse EURCV Morpho VaultSteakhouse EURCV Morpho Vault(STEAKEURCV)$0.000000-100.00%
  • Calamari NetworkCalamari Network(KMA)$0.0023166.98%
  • Stride Staked InjectiveStride Staked Injective(STINJ)$16.52-4.28%
  • Vested XORVested XOR(VXOR)$3,404.231,000.00%
  • JDBJDB(JDB)$0.021575-0.61%
  • FibSwap DEXFibSwap DEX(FIBO)$0.0084659.90%
  • ICPanda DAOICPanda DAO(PANDA)$0.003106-39.39%
  • TruFin Staked APTTruFin Staked APT(TRUAPT)$8.020.00%
  • EquityPayEquityPay(EQPAY)$0.0564755.44%
  • DYORDYOR(DYOR)$0.00000018.98%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • bitcoinBitcoin(BTC)$83,822.00-0.13%
  • VNST StablecoinVNST Stablecoin(VNST)$0.0000400.67%
  • ethereumEthereum(ETH)$1,907.91-0.85%
  • tetherTether(USDT)$1.000.00%
  • rippleXRP(XRP)$2.35-2.45%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • binancecoinBNB(BNB)$601.770.86%
  • Wrapped SOLWrapped SOL(SOL)$143.66-2.32%
  • SolanaSolana(SOL)$133.35-0.01%
  • usd-coinUSDC(USDC)$1.000.00%
  • cardanoCardano(ADA)$0.73-1.82%
  • dogecoinDogecoin(DOGE)$0.171986-1.18%
  • tronTRON(TRX)$0.217482-1.53%
  • Lido Staked EtherLido Staked Ether(STETH)$1,906.54-0.81%
  • Gaj FinanceGaj Finance(GAJ)$0.0059271.19%
  • Content BitcoinContent Bitcoin(CTB)$24.482.55%
  • USD OneUSD One(USD1)$1.000.11%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$83,713.000.03%
  • Pi NetworkPi Network(PI)$1.492.57%
  • UGOLD Inc.UGOLD Inc.(UGOLD)$3,042.460.08%
  • ParkcoinParkcoin(KPK)$1.101.76%
  • leo-tokenLEO Token(LEO)$9.741.71%
  • ToncoinToncoin(TON)$3.4116.22%
  • stellarStellar(XLM)$0.270087-1.28%
  • USDSUSDS(USDS)$1.000.01%
  • Wrapped stETHWrapped stETH(WSTETH)$2,283.75-1.01%
  • HederaHedera(HBAR)$0.189011-2.14%
  • AvalancheAvalanche(AVAX)$19.032.80%
  • Shiba InuShiba Inu(SHIB)$0.0000131.22%
  • SuiSui(SUI)$2.31-1.86%
  • litecoinLitecoin(LTC)$91.23-2.03%
  • Yay StakeStone EtherYay StakeStone Ether(YAYSTONE)$2,671.07-2.84%
  • bitcoin-cashBitcoin Cash(BCH)$333.47-4.33%
  • MANTRAMANTRA(OM)$6.621.33%
  • polkadotPolkadot(DOT)$4.27-0.89%
  • Pundi AIFXPundi AIFX(PUNDIAI)$16.000.00%
  • PengPeng(PENG)$0.60-13.59%
  • Ethena USDeEthena USDe(USDE)$1.000.00%