Bitcoin Falls Below $90,000 as Global Selloff Worsens

Bitcoin slid to its lowest level in more than a week, dropping below $90,000 for the first time since January 9, as a broader global market selloff intensified amid rising geopolitical tensions.

The cryptocurrency fell as much as 4% on Tuesday and continued to weaken into Wednesday’s Asian trading session. By 9:27 a.m. in Singapore, Bitcoin was down 0.5% at about $88,894. The decline tracked losses across risk assets, with equities and longer-dated government bonds also under pressure as investors reduced exposure to risk.

Market watchers said the $90,000 level has become an important short-term support zone for Bitcoin. A sustained break below that threshold could shape sentiment in the near term, especially if the wider market remains cautious.

Other major crypto assets dropped even more sharply. Ether fell over 7%, while Solana slid 5.3%. Crypto-linked equities also retreated, with Coinbase down 5.6% and Strategy falling nearly 8%.

Analysts tied the move to a wider retreat from risk, citing renewed concerns around US tariff threats and geopolitical frictions, including tensions linked to Greenland. In Japan, bond yields jumped after election-related tax cut promises increased worries about fiscal pressure, adding to global market volatility.

Despite the pullback, signs of institutional demand remained visible. Strategy announced a $2.13 billion Bitcoin purchase, its largest since July, a move some market participants said reflects ongoing appetite for Bitcoin exposure through publicly listed companies.

Overall, Bitcoin’s drop below $90,000 is being viewed as part of a larger risk-off shift across global markets, with investors watching closely for whether selling pressure eases or builds further.