The pioneering crypto asset dipped below $91,000 for the first time since November amid weak appetite for digital assets.
Bitcoin and the altcoin market turned pessimistic after US President Donald Trump announced he would proceed with tariffs on Canada and Mexico in March.
Bitcoin and traditional markets are becoming more correlated, and “a similar stagnation in traditional financial markets” caused by “macro-driven uncertainty” is a significant factor influencing the stalled cryptocurrency market.