Bitcoin crash! Cryptocurrency dives below $90,000 for first time in 7 months; $1.2 trillion wiped out in market rout

Bitcoin slipped below the $90,000 mark for the first time in seven months on Tuesday, signalling a sharp retreat in risk appetite across global markets. The world’s biggest cryptocurrency, which touched a record high above $126,000 in October, has now surrendered all its gains for 2025 and is down nearly 30 per cent from its recent peak. It was last trading at $92,891 after hitting an intraday low of $89,286.75, reported Reuters.

Data from CoinGecko shows the broader digital asset universe has seen about $1.2 trillion in market value erased over the past six weeks.