Bitcoin, the world’s largest cryptocurrency, has been experiencing a downward trend in recent days, falling below $90,000 for the first time since November 2024. This drop in price has been attributed to a combination of factors, including outflows from ETFs, significant liquidations in the crypto market, and ongoing trade tensions between the US and China.

The price of Bitcoin has been on a rollercoaster ride in the past few months, reaching an all-time high of over $69,000 in November 2021. However, since then, it has been struggling to maintain its momentum, with several dips and recoveries along the way. The recent drop below $90,000 has caused concern among investors and traders, who are closely monitoring the market for any signs of a potential rebound.

One of the main factors contributing to the decline in Bitcoin’s price is the outflows from ETFs. These investment vehicles, which allow investors to gain exposure to Bitcoin without directly owning it, have seen significant withdrawals in recent weeks. This has led to a decrease in demand for Bitcoin, resulting in a drop in its price.

In addition to ETF outflows, the crypto market has also seen a surge in liquidations, with over $1.3 billion worth of cryptocurrencies being liquidated in the past 24 hours alone. This has added to the downward pressure on Bitcoin’s price, as traders are forced to sell their holdings to cover their losses.

Furthermore, the ongoing trade tensions between the US and China have also had a negative impact on the crypto market. With the two economic superpowers engaged in a trade war, investors are becoming increasingly cautious and risk-averse, leading to a decrease in demand for Bitcoin and other cryptocurrencies.

Despite these challenges, many experts remain optimistic about the long-term prospects of Bitcoin. They believe that the current dip in price is a temporary setback and that the cryptocurrency will continue to grow in value in the coming years. As always, it is important for investors to do their own research and make informed decisions when it comes to investing in the volatile world of cryptocurrencies.