Why is Bitcoin losing steam?

Bitcoin tumbled below $90,000 on Tuesday, hitting its lowest level since mid-November, as the post-election rally fueled by Donald Trump’s return to the White House reversed under pressure from his trade tariffs and mounting industry troubles. The cryptocurrency plunged as much as 7.6%, trading around $88,800 in New York at 9:36 a.m. Other major digital assets, including Ether, XRP, and Solana, also saw sharp declines, with an index tracking top tokens on pace for its largest four-day drop since early August.