my timesThe Korea Times
  1. Economy
  2. Cryptocurrency

PHOTO Bitcoin falls below $90,000 for 1st time in 7 months

Listen
By Lee Yeon-woo
  • Published KST
  • Updated KST
The price of Bitcoin is displayed on an electronic board at Bithumb in Seoul, Tuesday, as the cryptocurrency dropped below $90,000 for the first time in seven months. It briefly tumbled more than 5 percent to $89,201 at around 1:45 p.m., according to Coinbase, before trimming losses and stabilizing closer to $90,000. The decline tracks a broader pullback in risk assets, driven by hawkish signals from U.S. Federal Reserve officials and mounting concerns over a potential artificial intelligence bubble. Bitcoin last fell below this level in April when it plunged to $74,400 amid uncertainty over the U.S. tariff policy. Yonhap

The price of Bitcoin is displayed on an electronic board at Bithumb in Seoul, Tuesday, as the cryptocurrency dropped below $90,000 for the first time in seven months. It briefly tumbled more than 5 percent to $89,201 at around 1:45 p.m., according to Coinbase, before trimming losses and stabilizing closer to $90,000. The decline tracks a broader pullback in risk assets, driven by hawkish signals from U.S. Federal Reserve officials and mounting concerns over a potential artificial intelligence bubble. Bitcoin last fell below this level in April when it plunged to $74,400 amid uncertainty over the U.S. tariff policy. Yonhap