
In a surprising downfall of the world's biggest cryptocurrency this month, Bitcoin stock's value dropped dramatically on Tuesday to the lowest since February 3, 2025.
Bitcoin's nosedive was triggered by a panic-stricken technology stocks sell-off observed globally, prompting the most-traded crypto coin to touch below $91,000.
The flagship coin shed over 5% to trade nearly at the lowest of the month so far, ProPakistani reported, citing sources.
The spell of the downward crypto trend reflected across similar, renowned cryptocurrencies as Ethereum also dropped 11% to $2,500. The collective loss of the entire crypto market for the day was reported over 6%, with Solana, XRP, and Dogecoin registering even deeper declines.
The crypto plight coincided with week equities in the US, as the Nasdaq Composite tumbled over 1% in the midst of concerns over Nvidia’s much-awaited financial results, while the S&P 500 lost its shine for the third consecutive session.
Coupled with such a widespread, encompassing downturn in the landscape of digital currencies, investor interest was further deterred after US President Donald Trump confirmed the implementation of tariffs on Canadian and Mexican imports.