Bitcoin Price Falls Below $90,000 As Gloom Batters Cryptos

Bitcoin fell to a three-month low during the week as investors avoided riskier assets and sold off XRP and other cryptocurrencies.

The price of Bitcoin fell below $90,000 for the first time since November, dropping 6% to $87,986.

The decline followed another drop in U.S. technology stocks on Monday, with the negative sentiment spilling over into the crypto market, Callum Keown and Rupert Steiner reported for Barron’s Daily.

The price of Bitcoin fell below $90,000 for the first time since November, dropping 6% to $87,986. The world’s largest digital asset is now down about 6% so far in 2025 and more than 16% over the past month.

The Nasdaq Composite closed 1.2% lower on Monday, marking its third consecutive day of losses.

The tech downturn continued early Tuesday, with Nasdaq futures pointing lower, and cryptocurrencies appearing to follow suit.

The timing of the slump was unfortunate for MicroStrategy, the Bitcoin investment company now operating under the name Strategy. In a regulatory filing on Monday, the company revealed that it had continued buying more of the cryptocurrency despite the market downturn.

Traders are increasingly focused on global macroeconomic and geopolitical developments, aligning more closely with movements in the U.S. stock market. The shifting global order has led to heightened uncertainty and volatility in financial markets and risk assets.