Bitcoin Price News: BTC Plunges Under $90,000, Will it Recover?
Bitcoin dropped below $90,000, hitting its lowest since February, amid a 'death cross' and 'extreme fear' sentiment.Summary
Bitcoin plunged below $90,000 on Monday, erasing all its 2025 gains and driving market sentiment to 'extreme fear,' as indicated by the Fear & Greed Index falling to 11. This sharp reversal followed the cryptocurrency topping out at a record $126,250 just six weeks prior. The slide accelerated after Bitcoin failed to hold the $93,700 support level, breaking its 200-day moving average and triggering a bearish 'death cross' between the 50-day and 200-day trendlines. This technical signal is exacerbated by stalled U.S. spot ETF inflows and paused corporate buying, linked to inflation concerns from the Trump administration's tariff agenda potentially delaying Federal Reserve rate cuts. Analysts warn that if $93,000 is not reclaimed soon, BTC could fall further to $86,000–$88,000, although significant sentiment shocks sometimes precede short-term relief rallies if macro data improves.
(Source：CoinDesk)