US EditionPublished • loading... • Updated
Bitcoin Drops Below $90,000 for the First Time in Seven Months
Bitcoin lost 16% in a month, erasing all 2025 gains as investors pulled back amid economic uncertainty and fears of no U.S. interest-rate cuts, experts said.
- Late on Monday, Bitcoin dropped below $90,000 for the first time since April, trading as low as $89,426 and down more than 5.3% in 24 hours.
- Concerns the Federal Reserve may not cut rates in December intensified selling, while AI-related tech investors shed holdings this month, cratering Bitcoin's price by 16%.
- Altcoins also tumbled, with Ether below $3,000 and down more than 5.6%, while XRP, Binance's BNB, Solana's SOL, and Dogecoin fell 3.9%, 3%, 3.2%, and over 3.8%.
- The decline erased Bitcoin's 2025 gains, leaving it down 2% for the year, and analysts warn the next support level could be $75k.
- After peaking above $126,000 in early October, Bitcoin's downturn has echoed through markets as Joshua Chu said, `The cascading selloff is amplified by listed companies and institutions exiting their positions after piling in during the rally, compounding contagion risks across the market.
Insights by Ground AI
Podcasts & Opinions
51 Articles
51 Articles
NEW YORK (AP) — Bitcoin briefly dipped below $90,000 overnight as investors sold off previously soaring assets, including cryptocurrencies and artificial intelligence stocks. Bitcoin fell to around $89,500 early Tuesday, its first drop below $90,000 since April, before recovering to around $93,600 by late morning. The world's most popular cryptocurrency had reached nearly $125,000 in early October, fueled in part by enthusiasm over a pro-crypto …
·Boston, United States
Read Full Article
Coverage Details
Total News Sources51
Leaning Left8Leaning Right7Center7Last UpdatedBias Distribution36% Left
Bias Distribution
- 36% of the sources lean Left
36% Left
L 36%
C 32%
R 32%
Factuality
To view factuality data please Upgrade to Premium
