Bitcoin dropped below $90,000, deepening a month-long slide that has erased the cryptocurrency’s gains for 2025 and rocked sentiment across the digital-asset world.

The largest token fell as much as 2.4% during Asia trading hours, extending its decline from a record of more than $126,000 set in early October. Bitcoin last traded below that threshold—eventually tumbling to as low as $74,400 in April—after President Donald Trump upended financial markets worldwide with his initial plan for tariffs.

The reversal comes amid rising economic headwinds, including renewed concerns over interest-rate policy and stretched valuations across speculative markets.

With traders reassessing the likelihood of a Federal Reserve interest-rate cut in December and stock markets slipping from recent highs, r

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