## Bitcoin Exceeds $90,000: Will the Increase Endure? Toncoin (TON) Value Forecast for March 26th
Following a drop under $83,000 caused by the crypto market decline resulting from Trump’s tariff declaration, Bitcoin has recovered, breaking through the $90,000 threshold.
According to crypto.news, Bitcoin (BTC) briefly reached a peak of $90,364 at approximately 10:40 UTC on March 5. The top cryptocurrency by market capitalization began the day just over $80,000 and appears to be rebounding from its recent decline.
As of this writing, Bitcoin is up 8%, trading at $90,301. It has managed to remain above $90,000, only declining slightly without the immediate retreat we observed earlier. Over the past week, Bitcoin has experienced a slight 1.9% increase, but the previous month has been more negative than positive, with a 6.1% reduction.
This increase has also increased Bitcoin’s market capitalization by 7.4% to a massive $1.78 trillion. However, its 24-hour trading volume has decreased by 20.8% to $57.4 billion.
## Will Bitcoin Remain Over $90,000?
Earlier today, Fundstrat’s Head of Research, Tom Lee, indicated that the base of the Bitcoin market may be forming as soon as this week. This suggests that the asset will generally recover from specific lower levels, as market bottoms function as a springboard, driving prices upward.
However, the analyst expects more short-term instability before Bitcoin recovers. Lee thinks the bottoming-out stage could see Bitcoin fall to $62,000 this month, potentially reaching one of its lowest points in the last four months.
Conversely, network economist Timothy Peterson recently declared that there is a “95% probability” Bitcoin will not drop below $69,000. He is utilizing a chart based on past data to forecast the floor price of Bitcoin.
Following the revelation of Donald Trump’s plans to establish a digital currency stockpile, the price of Bitcoin surged by 8%, surpassing $93,000. Nevertheless, this enthusiasm proved fleeting. Bitcoin subsequently experienced a downturn, plummeting nearly 10% to $83,180, subsequent to Trump’s declaration of fresh trade duties impacting Canada and Mexico. TruBit Collaborates with Morpho to Introduce DeFi Unearned Revenue in Latin America
