What's behind bitcoin's slide and should investors be worried?
The price of bitcoin, the original and most popular cryptocurrency, dropped below $88,000 or more than 7% Tuesday, its lowest level since November.
Bitcoin slides below $90,000 level as investors await crypto's next catalyst: CNBC Crypto World
On today's episode of CNBC Crypto World, crypto prices slide as investors assess risk assets. Plus, Sen. Dick Durbin of Illinois introduces a bill aimed at protecting Americans from crypto ATM scams.
Bitcoin slides under $90,000, erasing some of the gains made under Trump
Bitcoin, the world’s most popular cryptocurrency, was trading at about $89,000 as the U.S. stock market opened. That’s down from about $106,000, which was the price around Trump’s inauguration. The decline in bitcoin and other crypto assets accelerated after a report showed a bigger-than-expected drop in consumer confidence for this month.
Trump was supposed to be good for crypto. So why is bitcoin falling toward $70,000?
Bitcoin BTCUSD surged to an all-time high of $109,225 on Jan. 20, President Donald Trump’s inauguration day — extending a rally celebrated by crypto bulls who bet that the new administration would clear away regulations,
Since Trump took office, stocks are down and bitcoin has plunged. What’s going on?
Investors entered the New Year cheerful about the prospects of a business- and crypto-friendly Trump administration. Yet two months into 2025, US stocks have lagged Europe and Chinese stocks, bitcoin is sliding and concerns about inflation are mounting.
Bitcoin Slides Below $90,000 as Crypto Selloff Gathers Steam
Bitcoin tumbled below $90,000 to hit the lowest level since mid-November, as the rally that followed Donald Trump’s election to the White House reverses amid a broader retreat from risky assets.
Bitcoin tumbles below $90k, now down 20% from euphoric Trump highs
"Do not buy the dip yet. A move to the low 80s is on," Standard Chartered analyst Geoff Kendrick said of the latest sell-off.
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