$BTC has slipped below the psychologically key $90,000 level amid renewed selling pressure in global financial markets. The drop has been driven by a combination of broader risk-off sentiment, geopolitical tensions, and a sell-off in bonds and other risk assets, which has pushed traders to de-risk and reduce exposure to volatile assets like cryptocurrency. This move has coincided with significant liquidations in leveraged crypto positions, contributing to volatility. The downturn in Bitcoin has also seen other major cryptocurrencies weaken, while traditional safe-haven assets such as gold and silver have rallied. Analysts point out that while this drop reflects uncertainty in markets, it doesn’t necessarily signal a long-term trend reversal — investor sentiment remains cautious and price action is closely watched around key technical levels.
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20
1
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