ALBAWABA - Bitcoin dropped below $90,000 for the very first time in seven months now, affecting the digital asset market and Bitcoin gains in 2025.
The world’s largest cryptocurrency fell to $89,867, down 5.7% in the past 24 hours and 15.2% over the past week, according to CoinMarketCap.
This downturn comes just weeks after Bitcoin hit an all-time high above $126,000 in early October. It has since retraced back to levels last seen in April, when it briefly dipped to around $74,400 during market turmoil sparked by former U.S. President Donald Trump’s tariff proposal.
The world’s largest cryptocurrency fell to $89,867, down 5.7% in the past 24 hours and 15.2% over the past week, according to CoinMarketCap. (Shutterstock)
Ethereum also slumped, falling 6.48% to $2,979, a weekly decline of 16.9%.
Overall, the global crypto market cap slipped 4.54%, landing at $3.08 trillion.
Bitcoin’s decline aligns with rising uncertainty over US interest rates. Experts are anticipating that the Federal Reserve will cut rates in December 2025, as recent indicators point to a longer period of tight monetary policy.
