Bitcoin Plunges Below $90K, Reigniting Fears of Market Crash

Bitcoin has experienced a dramatic drop below the $90,000 mark, raising concerns about a broader risk-asset meltdown in the cryptocurrency market. The sudden price decline has been accompanied by surging trading volumes on major exchanges like Kraken and Binance, indicating high volatility within the digital asset space. 8 Despite this significant downturn, industry leaders have largely remained silent, with analysts debating whether this is an indication of wider instability or simply a natural part of market fluctuations.