The price of Bitcoin slid below the $90,000 mark on Tuesday and dropped to its lowest level since mid-November, amid a broader selloff in the crypto market that follows the biggest crypto tokens theft of all time and a few high-profile controversies involving meme coins.
Bitcoin's price hit its lowest level since mid-November on Tuesday.
The price of the world’s most valuable cryptocurrency stood at $88,780 early on Tuesday, down nearly 7.5% in the previous 24 hours.
The token’s value has fallen more than 19% since it hit an all-time high of $109,114 on the day of President Donald Trump’s inauguration on Jan 20.
Ether, the second-most valuable crypto asset by market cap, saw an even steeper drop of more than 11% in the previous 24 hours—falling to $2,390 on Tuesday morning.
The prices of other popular crypto tokens including the Ripple Labs linked XRP, Binance’s BNB and Solana’s SOL also saw steep declines of 14.3%, 6.4% and 15% respectively in the past day.
This is a developing story.