By Rae Wee
SINGAPORE (Reuters) -Bitcoin slipped below $90,000 for the first time in seven months on Tuesday in the latest sign that investor appetite for risk-taking is drying up across financial markets.
The risk-sensitive cryptocurrency has erased 2025 gains and is now down nearly 30% from a peak above $126,000 in October. It traded down 2% at $89,953 in the Asia afternoon, having collapsed through chart support around $98,000 last week.
Market participants said a combination of doubts around future U.S. interest rate cuts and the mood in broader markets, which have wobbled after a long rally, was dragging down crypto.
Bitcoin Drops Below $90,000 in Sign of Souring Mood
