Bitcoin It fell to the $90,000 mark at the start of the week, with losses extending over the weekend as investors continued to sell off technology stocks.
The price of the flagship cryptocurrency recently fell 4% to $90,413.80, a drop of about 7% since Saturday, according to Coin Metrics. Bitcoin has fallen 11% over the past week.
Bitcoin continues to slide as growth assets continue to take a hit
ether After falling 7% on Monday, the broader cryptocurrency market, as measured by the CoinDesk 20 Index, fell more than 6%. In pre-market trading, stocks Coin library and micro strategy fell 4% and 5% respectively. Mara Holdings dropped by 5% and core science down 3%.
Crypto assets began to fall last week after stronger-than-expected jobs data sent bond yields soaring and concerns over President-elect Donald Trump’s tariff plans — both of which boosted the U.S. dollar while giving Bitcoin and Other risk assets were under pressure.
Entering 2025, investor sentiment is optimistic, and the market is expecting Congress and the White House to support cryptocurrencies. Until last week, that hope outweighed any concerns about a macroeconomic-related slowdown.
Investors are now warning that the first quarter of this year could be more volatile for cryptocurrencies than previously expected.
Bitcoin’s price increased by 120% in 2024, but is down 3% so far in the new year.
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