Bitcoin Plunges Below $90,000: Market Uncertainty Drives Downward Trend

Bitcoin’s price saw a significant drop below the crucial $90,000 threshold today, marking a rare dip below this psychological level. The cryptocurrency market witnessed this historic low on Binance, currently hovering around $89,969.27. Experts attribute this decline to several contributing factors: heightened regulatory uncertainty in major markets, accelerating profit-taking by early investors at lower price points, and broader economic concerns affecting all risk assets, including cryptocurrencies.