The bullish frenzy that drove Bitcoin to record highs has officially evaporated. In a jarring display of market panic, the world’s leading cryptocurrency plunged below the critical $90,000 level on Tuesday—a threshold unseen in seven months—confirming that investor appetite for risk has officially collapsed across global markets. Trading nearly 30% below its dizzying $126,000 October peak, this decisive drop is the clearest sign yet that the crypto winter is returning.
The financial damage is staggering: an estimated $1.2 trillion in total cryptocurrency market value has been wiped clean in the last six weeks alone. This cascading selloff is fueled by macro uncertainty, thinning institutional support, and a swift erosion of confidence—a collapse so rapid, as one expert warns, that it leaves leveraged speculators and corporate crypto hoarders dangerously exposed. This is the moment the market tests its foundation.
