Bitcoin price breaks below $90,000 as global selloff hits crypto and traders eye the next floor
Bitcoin dropped under $90,000 for the first time since Jan. 9, hitting $88,894 by 9:27 a.m. in Singapore. The move echoed selloffs in stocks, long-term Treasuries, and Japanese bonds amid heightened volatility in debt markets. The shift is significant because the sell-off hasn't been confined to a single market. U.S. stocks experienced their sharpest one-day decline in three months on Tuesday. Bitcoin tumbled over 3% as investors dialed back risk appetite following President Donald Trump's renewed tariff threats linked to his Greenland ambitions.