Bitcoin's Price Plummets Below $89,000 Amid Market Turbulence
Bitcoin’s price has experienced a significant downturn, falling below $89,000 and marking its lowest level since November. This decline comes just a month after the cryptocurrency reached an all-time high of over $108,000. The drop has been attributed to several factors, including unfulfilled promises from the Trump administration regarding pro-crypto policies, fears of economic uncertainty, and a recent hack of the Bybit platform, which resulted in a $1.5 billion theft.
The broader crypto market has also been impacted, with Ethereum, Solana, and XRP suffering considerable losses. Bitcoin’s decline is seen as part of a larger trend, with the cryptocurrency market losing nearly half a trillion dollars in recent days. Industry experts suggest that Bitcoin’s status as a “digital gold” is still in question, as it remains a high-risk asset prone to sell-offs during market turbulence.
In addition to these factors, the price drop has been exacerbated by investor concerns over inflation and a faltering U.S. stock market. Despite recent discussions of a large-scale Texas investment in Bitcoin, the cryptocurrency continues to struggle, with prices now hovering around $87,234, far below its December peak. Analysts warn that Bitcoin must stay above the $86,000 support level to avoid further losses in the near term.
Why has bitcoin price crashed? Hacks, Fed fears and Trump’s broken promises
Crypto market is experiencing a ‘heliocentric reckoning’, industry experts tell The Independent
www.independent.co.uk
Bitcoin price continues dropping despite recent talks of largescale Texas investment
The price of bitcoin is down another five percent today, as this drop is a continuation of how bitcoin has been trading in the last month.
www.statesman.com
Bitcoin Price Takes a Hit—Is This Just the Beginning?
Bitcoin price started a fresh decline below the $90,000 support. BTC must stay above the $86,000 zone to avoid more losses in the near term.Bitcoin Pr
www.tradingview.com
‘Don’t Buy The Dip’—Stark Bitcoin ETF Warning Adds To ‘Extreme’ Fed Price Crash Fear
Economists are warning a “nightmare” scenario for the Fed could be about to hit the price of bitcoin...
www.forbes.com
Bitcoin News: BTC Traders Buy the Dip on Kraken as Price Slips Below $88K
Traders buy the dip, lifting the perpetual futures long-short ratio, Kraken's Alexia Theodorou told CoinDesk.
www.coindesk.com
Trump 2nd term live updates: IRS says it plans to cut 7,000 jobs
The Internal Revenue Service says it plans to cut 7,000 jobs and reduce the number of its regional offices.
abcnews.go.com
Bitcoin price today: plummets to a 3-month low of $87k on risk-off mood, tariffs By Investing.com
Bitcoin price today: plummets to a 3-month low of $87k on risk-off mood, tariffs
www.investing.com
Crypto Price Today: Bitcoin struggles below $96,000; Ethereum, Solana drop up to 6%
Bitcoin continues to trade within a crucial technical range between $93,725 and $96,763. According to Sathvik Vishwanath, Co-Founder & CEO of Unocoin,
m.economictimes.com