Bitcoin drops below $90k amid market decline

Bitcoin dropped to a three-month low below $90,000 on Tuesday, as escalating global trade tensions and uncertainty surrounding a major cryptocurrency exchange shook investor confidence, leading to a broad market sell-off.

Bitcoin was down 5.93 per cent at $89,844 as of 03:40 AM ET (08:40 AM GMT), marking its lowest level since mid-November.

The decline came after US President Donald Trump reiterated tariff threats against Mexico and Canada, heightening concerns over trade disputes and dampening risk sentiment.

Attribution: Amwal Al Ghad English, Investing.com

Subediting: M. S. Salama