Bitcoin Dips Back Below $90,000 as Global Selloff Deepens

Bitcoin slid to its lowest level in more than a week, tracking a sharp selloff across global financial markets as investors continued to de-risk amid ongoing geopolitical tensions.

The largest cryptocurrency fell below $90,000 for the first time since Jan. 9, moving in tandem with declines in equities, long-dated Treasuries and Japanese bonds as volatility rippled through debt markets. After falling as much as 4% on Tuesday, Bitcoin continued to slide Wednesday morning in Asia. It was down 0.5% to $88,894 as of 9:27 a.m. in Singapore.