Why is Bitcoin crashing below $90,000? Inside the biggest crypto selloff, Trump’s trade tariffs, and a $1.5 billion hack

Bitcoin has dropped below $90,000, marking its lowest level since mid-November, as the ongoing selloff in cryptocurrencies intensifies. The decline follows a series of economic concerns, trade tariffs imposed by President Donald Trump, and setbacks in the crypto 7:51 a.m. New York time on Tuesday, Bitcoin fell as much as 7.6%, trading around $89,042. Other major cryptocurrencies like Ether, XRP, and Solana also recorded significant losses, contributing to the worst four-day drop in the digital asset index since is Bitcoin crashing after Trump’s election rally?Bitcoin initially surged following Trump’s election win in November, but its value has dropped about 20% since his inauguration in January. Market experts point to growing uncertainty due to Trump’s trade tariffs and geopolitical tensions, which have shaken investor Przelozny, CEO of crypto exchange Independent Reserve, stated, The fall in Bitcoin prices is likely related to broader macro uncertainty that has hit most financial markets in the last couple of days and is linked to the various tariffs being announced by President Trump.