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Why is Bitcoin losing steam?
Bitcoin tumbled below $90,000 on Tuesday, hitting its lowest level since mid-November, as the post-election rally fueled by Donald Trump’s return to the White House reversed under pressure from his trade tariffs and mounting industry troubles

Written by FE Online
Updated:
February 26, 2025 13:04 IST

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Bitcoin
Bitcoin tumbled below $90,000 on Tuesday, hitting its lowest level since mid-November, as the post-election rally fueled by Donald Trump’s return to the White House reversed under pressure from his trade tariffs and mounting industry troubles.
Bitcoin tumbled below $90,000 on Tuesday, hitting its lowest level since mid-November, as the post-election rally fueled by Donald Trump’s return to the White House reversed under pressure from his trade tariffs and mounting industry troubles. The cryptocurrency plunged as much as 7.6%, trading around $88,800 in New York at 9:36 a.m. Other major digital assets, including Ether, XRP, and Solana, also saw sharp declines, with an index tracking top tokens on pace for its largest four-day drop since early August.

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Bitcoin slides under USD 90,000, erasing some of gains made under Trump
The latest slump marks a stark shift from the risk-on sentiment that had pushed Bitcoin higher following Trump’s election victory in November. Since his inauguration in January, Bitcoin has fallen nearly 20% amid growing investor unease over his aggressive trade policies and persistent inflation concerns.

“The fall in Bitcoin prices is likely related to broader macro uncertainty that has hit most financial markets in the last couple of days and is linked to the various tariffs being announced by President Trump,” said Adrian Przelozny, CEO of crypto exchange Independent Reserve”, according to fortune crypto