Bitcoin Falls Under $90,000: Investigating the Unexpected Market Shift

crypthub

1 day ago

Market Drop Overview

Bitcoin fell below $90,000 on Tuesday, trading at $89,957 on Binance USDT. The drop was one of the largest single‑day declines of 2025, with volume up 42% and the crypto market losing $180 billion. Analysts point to macro uncertainty, profit‑taking and technical selling as drivers.

Technical Indicators

The RSI slipped to 38, near oversold, and the 50‑day moving average crossed under the 200‑day, forming a death cross. Past $90k tests have led to rebounds or slides toward $85k, making current support uncertain. Sell‑side volume outpaced buys.

Altcoin Correlation

Bitcoin’s slide dragged altcoins lower; Ethereum, Solana and Cardano fell 7‑11% with volume spikes of 38‑55%. The correlation underscores Bitcoin’s market‑leader role. Risk‑off sentiment spread across digital assets.

Long‑Term Outlook

Volatility has eased, with the 30‑day index at 3.8%, reflecting greater institutional participation. Fundamentals such as blockchain adoption, ETF flows and network security stay strong. Traders watch $85k, $82.5k and $80k as possible support.