Crypto Market Takes a Hit: Bitcoin Dips Below $90, 000

The crypto world saw a rough day as Bitcoin dropped below $90, 000. This happened because of new worries about trade rules, which made investors nervous. The market saw a big shakeup, with over half a million dollars in trades getting wiped out. In the last day, a lot of traders lost big. More than 163, 000 trades were liquidated, totaling around $693 million. Some of the biggest losers were Monero, Dash, and Hyperliquid. There's a lot going on in the crypto space right now. Two countries just banned Polymarket in the last 48 hours. People are wondering what's happening. Bitcoin has been stuck around $90, 000 for two months. Where did all the excitement go? Ethereum's co-founder had some strong words for Ripple's CEO. He said Brad Garlinghouse should fight against a new crypto bill. Meanwhile, BitMine's Ethereum holdings hit $14. 5 billion, but their stock, BMNR, dropped.Trump's CFTC chief started a new project to make the market more future-proof. Ethereum is stuck above $3, 000. Is this a good sign, or is there more trouble ahead? Michael Saylor, a big Bitcoin investor, hinted at something big and bought $2. 1 billion in Bitcoin. Lark Davis, another investor, said Bitcoin faced a tough rejection at a key level. Even with new buying, the market isn't moving much. Crypto Rand, a trader, saw a possible good sign. The 30-day moving average is crossing above the 90-day moving average. This could mean short-term sentiment is improving. But we need to see more to be sure. Nic Puckrin from Coin Bureau said Bitcoin broke down after losing a key support level. He warned that if Bitcoin drops below $88, 000, it could fall to $87, 500.