Bitcoin Prices Plummet Below $90,000 as Crypto Selloff Gathers Steam
Bitcoin prices have fallen below $90,000 to reach their lowest point since mid-November, as the rally sparked by Donald Trump's election has reversed under the weight of his trade tariffs and a string of industry setbacks. The recent turmoil in digital assets is a stark shift from the risk-on rally that drove crypto markets higher following Trump's election in early November. Bitcoin has tumbled almost 20% since his January inauguration, as concerns about elevated inflation and the safety of digital-asset platforms linger.
- As the crypto market continues to grapple with concerns over security and regulatory uncertainty, it remains to be seen whether investors will return to riskier assets or adopt a more cautious approach.
- How will the ongoing impact of trade tariffs on global markets and economies be felt in the cryptocurrency sector in the months and years to come?