Bitcoin Dips Below $90,000 Amid Market Turmoil

Tokyo, Japan — Bitcoin plunged below $90,000 during early trading on Tuesday, deepening a month-long decline that has erased its gains for the year.

The largest cryptocurrency fell by 2.4%, sinking from a record high of over $126,000 set in early October. The drop in value has disrupted sentiment across the digital-asset market, prompting traders to adjust their positions.

Market analysts note that the decline follows a significant retreat by major investors, leading to a series of bearish options trades as confidence wanes that the market will recover soon.

Bitcoin’s previous dip below $90,000 occurred in April when it fell to a low of $74,400 amid global market upheaval caused by then-President Donald Trump’s trade tariff announcements.

As the trading day progressed, Bitcoin momentarily rebounded to around $91,400 by 11 a.m. in London, but the persistent overall trend remains troubling for investors.