The world’s largest cryptocurrency slumps below $90,000, lowest since November
Bitcoin's price crashed to below $90,000, its lowest since November, amid concerns over U.S. economic growth. The sell-off, following the "Trump bubble," was driven by fears of inflation, potential trade tensions, and a broader tech sector downturn. Dogecoin also fell by around 10%, and fears of a new "crypto-winter" emerged. Analysts noted that concerns over an economic slowdown dominated markets, affecting stocks, bonds, and cryptocurrencies.
