Bitcoin dropped below $90,000, deepening a month-long slide that has erased the cryptocurrency’s gains for 2025 and rocked sentiment across the digital-asset world.

The largest token fell as much as 2% during Asia trading hours, extending its decline from a record of more than $126,000 set in early October. Bitcoin last traded below that threshold — eventually tumbling to as low as $74,400 in April — after President Donald Trump upended financial markets worldwide with his initial plan for tariffs.