Bitcoin slipped below USUS$90,000 for the first time in seven months on Tuesday in the latest sign that investor appetite for risk-taking is drying up across financial markets.

The risk-sensitive cryptocurrency has erased 2025 gains and is now down nearly 30 per cent from a peak above US$126,000 in October. It traded down 2 per cent at US$89,953 in the Asia afternoon, having collapsed through chart support around US$98,000 last week.

Market participants said a combination of doubts around future U.S. interest rate cuts and the mood in broader markets, which have wobbled after a long rally, was dragging down crypto.

“The cascading selloff is amplified by listed companies and institutions exiting their positions after piling in during the rally, compounding contagion risks across the mark

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