Bitcoin drops below $90,000
According to the Sedaye Sama News Agency, According to Anadolu Agency, Bitcoin fell by more than 5.2%, hitting its lowest level in seven months as macroeconomic uncertainties—especially regarding the U.S. Federal Reserve’s interest-rate outlook—intensified selling pressure on the cryptocurrency.
The world’s largest digital asset was trading near $90,100 at 06:00 GMT on Tuesday, close to its weakest level since April. Bitcoin even briefly dipped below $90,000.
Data from CoinMarketCap showed that the global cryptocurrency market cap, including Bitcoin, fell by about 4.5% in the past 24 hours to $3.09 trillion.
Bitcoin’s market capitalization alone dropped 5.2% in the last 24 hours to $1.94 trillion, while its daily trading volume surged by around 46% to $106 billion.
Bitcoin’s weekly losses rose to 15.3% as of Tuesday. In April 2025, the cryptocurrency had plummeted to $74,400 after Donald Trump’s tariffs sent global financial markets into turbulence.
Ethereum, the second-largest cryptocurrency, also dropped about 5.4% to $3,013.
The global crypto market has been hit hard by uncertainty over monetary policy, conflicting messages from Federal Reserve officials, and growing concerns over inflated valuations.
Analysts say that macroeconomic uncertainty, corporate withdrawals, and classical profit-taking have strengthened selling pressures, and Bitcoin’s continued trading below $100,000 has had a negative psychological effect on investors.
Revised expectations that the Federal Reserve may not cut interest rates next month, along with the recent decline in stock markets due to overvalued tech stocks, have further reduced investors’ risk appetite.
