Topline
On Tuesday, the price of Bitcoin fell below the $90,000 threshold, reaching its lowest point since mid-November. This decline is part of a wider selloff across the cryptocurrency market, triggered by the largest known theft of crypto tokens and various high-profile controversies surrounding meme coins.
On Tuesday, Bitcoin’s price dropped to its lowest level since mid-November.
Key Facts
The value of Bitcoin, the leading cryptocurrency, was recorded at $88,780 early Tuesday, reflecting a decline of nearly 7.5% over the last 24 hours.
Since reaching an all-time high of $109,114 on January 20, the day of President Donald Trump’s inauguration, Bitcoin has lost over 19% of its value.
Ether, the second-most valuable cryptocurrency by market capitalization, experienced an even more significant drop of over 11% in the past 24 hours, falling to $2,390 on Tuesday morning.
Other major cryptocurrencies, including XRP linked to Ripple Labs, Binance’s BNB, and Solana’s SOL, also saw substantial declines of 14.3%, 6.4%, and 15% respectively in the last day.
This is a developing story.
