Bitcoin Price Slumps 6% in Two Days, Briefly Falls Below $90,000
Bitcoin's price dropped over 5% in 36 hours, briefly dipping below $90,000 due to macro uncertainty and corporate treasury concerns.Summary
The price of Bitcoin experienced a sharp decline, falling more than 5% over 36 hours to briefly trade below $90,000 early Tuesday. This drop followed heavy selling late Saturday through Monday, erasing nearly $5,700 from its value in under two days, exacerbated by over $500 million in leveraged long liquidations in crypto derivatives markets.
The sell-off coincided with heightened macroeconomic uncertainty stemming from President Trump's announced plans to impose sweeping new tariffs on several European nations starting February 1, escalating transatlantic tensions. This risk-off sentiment saw gold surge to a new all-time high, contrasting with Bitcoin's decline, while the market also awaited a Supreme Court ruling on the legality of using emergency powers for broad tariffs.
Further market pressure came from speculation regarding GameStop potentially selling part of its Bitcoin holdings after transferring 2,396 BTC to Coinbase Prime. Conversely, Strategy (MSTR) continued aggressive buying, acquiring 22,305 BTC last week. Despite MSTR's accumulation, its shares fell, showing the sensitivity of bitcoin-exposed equities to short-term price volatility.
(Source：Bitcoin Magazine)