$BTC

The BTC/USD pair dropped below 90,000 to its lowest level in 3 months.

The sell-off led to the liquidation of long positions worth $1.33 billion.

Trump raised concerns about global trade war.

The security breach at Bybit exchange shook market sentiment.

ETFs for Bitcoin may see increased inflows as spot trading declines.

Bitcoin has dropped from its usual trading range over the past three weeks, reaching its lowest levels in three months. Renewed global trade tensions and a breach at a major cryptocurrency exchange have unsettled investors, leading to sell-offs that resulted in the liquidation of long positions worth $1.33 billion over the past 24 hours.

Return of global trade concerns

President Trump confirmed his intentions to impose tariffs on Mexico and Canada starting March 4, despite both countries' efforts to bolster border security. Trump's announcement led to risk-off trading, helping gold rise to a record high and closing the S&P 500 index lower.