Bitcoin Slides Below $90,000 as Crypto Selloff Gathers Steam
(Bloomberg) — Bitcoin tumbled below $90,000 to hit the lowest level since mid-November, as the rally that followed Donald Trump’s election to the White House reverses under the weight of his trade tariffs and a string of industry setbacks.
Most Read from Bloomberg
Bitcoin dropped as much as 7.6% and traded around $88,800 at 9:36 a.m. New York on Tuesday. Other cryptocurrencies also fell, with Ether, XRP and Solana down sharply for the session. An index tracking top digital tokens was on pace for its largest four-day drop since early August.
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 roughly 20%…
