Bitcoin price drops below $90,000 as tariff fears hit risk assets; Strategy keeps buying
Bitcoin fell 3.8% to $89,480 Tuesday, dropping below $90,000 as traders reacted to new U.S.-Europe tariff threats and a broader risk-off move. Strategy disclosed $2.13 billion in bitcoin purchases over eight days, while its shares slid 7.4%. Crypto-linked stocks and the dollar also weakened. About $865 million in crypto liquidations occurred as prices dropped.