Crypto Market Plunges: A Collision of Factors Drives Bitcoin Below $90K

Bitcoin is facing a sharp decline, approaching the $90,000 level, and the entire cryptocurrency market follows suit with heavy red. This isn’t just a typical correction; it’s a complex confluence of factors driving down prices: unwinding of leveraged positions, institutional outflows, and technical breakdowns are all playing a part. The result is a broad market flush that has wiped billions off investors’ portfolios in a short time.