Bitcoin at a critical juncture: testing below 90,000 dollars

Cryptocurrency markets continue to see sales. Bitcoin tested 91,000 dollars, Ethereum 2,500 dollars. Transactions worth 884 million dollars were reset within the last 24 hours. Analysts point out the increasing uncertainties and emphasize that Bitcoin is at a critical juncture.
Losses persist in cryptocurrency markets. Bitcoin, which has been on a downward trend in recent days, tested below 90,000 dollars with a decrease of over 5% from 96,400 dollars. Thus, Bitcoin saw its lowest level since November. The second-largest cryptocurrency asset, Ethereum, also fell from around 2,800 dollars to below 2,400 dollars. The market decline came after U.S. President Donald Trump’s statements about customs tariffs. Trump stated that customs tariffs on products imported from Canada and Mexico will continue as planned. Due to market volatility, 285,186 investors were liquidated. According to Coinglass data, a total of 884 million dollars’ worth of positions was reset in the futures market in the last 24 hours. Analysts noted that Bitcoin is increasingly establishing more connections with traditional markets, stressing that macroeconomic uncertainties are rising and Bitcoin is at a critical juncture.