Bitcoin Dips Under $90K as Crypto Stocks Plunge Amid Fresh Trump Trade War Turmoil
Decrypt • • business
Key Points:
- Bitcoin dropped below $90,000 on Tuesday, falling as low as $89,929 before rebounding slightly, with a 2.5% loss over 24 hours and increased trading volume of $68.6 billion.
- Major crypto equities like Strategy, SharpLink Gaming, and MARA Holdings experienced significant share price declines, with Strategy down over 6%, SharpLink down 7.8%, and MARA down 5.7%.
- The dip coincides with geopolitical tensions from President Trump's threat to impose tariffs on European countries opposing his Greenland bid, adding to market uncertainty.
- Institutional trading activity was subdued on Monday due to Martin Luther King Jr. Day, affecting market dynamics despite crypto exchanges remaining open.
