Bitcoin fell below $90,000, extending its deepest monthly decline in a year. This effectively wiped out its 2025 gains and sharply worsened sentiment in the digital asset market. This was reported by Bloomberg.
The largest cryptocurrency fell another 2,4% on Tuesday, continuing its correction after hitting an all-time high of over $126,000 in early October.
This is the first time in six months that BTC has fallen below $90,000 — the last time it fell to $74,400 was in April after US President Donald Trump's tariff policy announcements rocked global markets.
As of 11:00 a.m. in London, Bitcoin had partially recovered its losses and was trading around $91,400, but market risks remain high.
Panicked traders overestimate risks
The fall comes against the backdrop of worsening global economic factors:
- uncertainty about the pace of rate cuts by the US Federal Reserve,
- decreased activity on stock markets,
- concerns about the overvaluation of speculative assets.
The probability of a Fed rate cut in December is now estimated at below 50%, which is putting pressure on all risk markets.
"Cryptocurrencies continue to fall after breaking the important level of $100,000 for Bitcoin," — explained Shiliang Tan of Monarq Asset Management.
