Bitcoin Drops Below $90,000 for the First Time Since April as Major Investors Pull Back
The price has hit its lowest point since April 22 of this year.
Bitcoin has taken a sharp hit, sliding below the $90,000 mark for the first time since late April 2023. Trading data shows the cryptocurrency lost roughly 6% over the past 24 hours.
As of about 11:35 p.m. Washington time, one bitcoin was trading at $89,700, its lowest level since April 22.
For context, on October 6 the cryptocurrency reached a record high of $126,251. But that surge was short-lived: just four days later, prices began tumbling after Donald Trump’s comments on tariffs rattled global markets.
Analysts point out that the latest downturn is tied to a steady pullback from big market participants. Over the past month, major buyers — including ETF distributors and corporate treasuries — have quietly stepped aside. Their retreat has removed a layer of support that helped push bitcoin to its earlier record highs.
You may also be interested in the news:
BMW Introduces New Ignition Technology for 2026 M2, M3, and M4
BMW’s new M Ignite system brings Formula 1-inspired combustion technology to future performance cars without sacrificing power or driving character.
U.S. Students Build Ultra-Efficient Car That Gets Nearly 2,150 MPG
A lightweight student-built prototype shocked engineers by achieving fuel economy figures that seem impossible even for modern hybrid vehicles.
Toyota Built a Robot That Might Actually Belong in the NBA
Toyota’s latest basketball-playing robot can sink shots, move like a human, and already holds world records.
Ford Patents New Adaptive Bumper Designed to Better Protect Cars and Pedestrians
Ford’s new “smart” bumper concept changes stiffness during impact, potentially reducing damage, repair costs, and pedestrian injuries.
Legendary Auto Transmissions that Were Truly Reliable
It’s quite difficult to imagine a modern car without an automatic transmission. Today, the vast majority of buyers primarily focus on vehicles with automatic gearboxes.