#BitcoinPolicyShift Binance Square

Bitcoin News Today: Bitcoin Drops Below $90K Despite Hopes for U.S. Crypto Reserve Announcement

Binance News

15h

・

Verified Binance official account

AI Summary

Key Takeaways:

Bitcoin fell 2 percent on March 6, slipping below $90,000 as market optimism faded despite anticipation of a potential U.S. Bitcoin reserve announcement.

Bulls failed to sustain gains above $92,000, with resistance preventing a breakout into Bitcoin’s previous trading range.

Traders remain cautious ahead of the White House Crypto Summit, despite speculation about a pro-Bitcoin policy shift.

U.S. jobless claims data increased rate cut expectations, but macroeconomic catalysts had little immediate impact on crypto markets.$BTC #JobsReportShock