Topline
Bitcoin late on Monday dropped below $90,000 for the first time since April, as the world’s most valuable cryptocurrency continued to be hit by a selloff that has cratered its price by 16% in the past month, with traders predicting it could drop as low as $80,000.
Bitcoin fell below $90,000 for the first time since in seven month as the crypto selloff continued.
Hans Lucas/AFP via Getty Images
Key Facts
Bitcoin’s price dropped as low as $89,426 late on Monday night and continued to hover just below the $90,000, down more than 5.3% in the past 24 hours.
The continued slide means Bitcoin has wiped out all its gains since the start of 2025.
Bitcoin’s last major slump below the $90,000 mark occurred in April—when it bottomed out just below $75,000—after President Donald Trump unveiled his sweeping set of tariffs at the so-called “Liberation Day” event.
The latest selloff is a result of wider economic fears, including concerns that the Federal Reserve may not slash interest rates further in December.
Tangent
Bitcoin’s slide impacted other key crypto tokens as well, with Ether—the world’s second most valuable cryptocurrency by market cap—dropping below $3,000—down more than 5.6% in the past 24 hours. XRP, Binance’s BNB and Solana’s SOL are down 3.9%, 3% and 3.2% respectively, in the past 24 hours. Dogecoin, the largest memecoin in the crypto market, has also slipped by more than 3.8% over the past 24 hours.
This is a developing story.