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Bitcoin down 3% & breaks 90,000$ level after 4 Months, Next major Support at 200DSMA at 81630

US President Donald Trump’s decision to move ahead with tariffs on Mexico and Canada in March has sparked bearish sentiment across global financial markets including Bitcoin (BTC).

Bitcoin price declined by another 3.2% on Monday bringing its losses since the Bybit hack to 7% as it traded as low as $89,000 within the intra-day session.

In the derivatives markets, Bitcoin traders lost $243 million which accounted for more than 20% of the $943 total market liquidation on the day, according to Coinglass charts.

Michael Saylor, CEO of Strategy (formerly Microstrategy) announced another 20,356 BTC purchase worth $1.99 billion on Monday.