Bitcoin accelerates its slide, falling to $90,000 to start the week

Bitcoin fell to the $90,000 mark to start the week, extending the weekend’s losses as investors continued to dump tech stocks.

The price of the flagship cryptocurrency was last down 4% at $90,413.80, according to Coin Metrics, bringing losses since Saturday to around 7%. Bitcoin lost 11% in the past week.

Ether lost 7% on Monday, and the broader crypto market, as measured by the CoinDesk 20 index, fell more than 6%. In premarket trading, shares of Coin base and Micro strategy fell 4% and 5% respectively. Mara Holdings fell 5% and Nuclear science withdrawn by 3 per cent.

The slide in cryptoassets began last week after stronger-than-expected payrolls caused a spike in bond yields and amid concerns about President-elect Donald Trump’s tariff plans — both of which boosted the dollar while squeezing bitcoin and other risk assets.

Investor sentiment was upbeat in 2025, with markets looking forward to having a pro-crypto Congress and White House. That hope had outweighed any concerns about macroeconomic-related speed bumps until last week.

Investors are now warning that the first quarter of this year could be more turbulent for crypto than previously expected.

Bitcoin’s price grew 120% in 2024, but is down 3% so far in the new year.