Bloomberg: BTC drops below $90K amid geopolitical uncertainty, bond declines

Bitcoin has fallen below $90,000, tracking declines in U.S. stocks and both long-term U.S. and Japanese government bonds, according to a Bloomberg analysis. The report attributes the sharp drop to a significant outflow of capital from risk assets like BTC, driven by external uncertainties. These include tariff threats from the U.S. White House against European countries and geopolitical friction surrounding Greenland. Experts reportedly view the $90,000 level as a critical indicator for the asset's short-term direction. Amid the heightened market volatility, other major cryptocurrencies such as Ethereum (ETH) and Solana (SOL), along with related stocks like Coinbase (COIN) and Strategy (MSTR), also fell. The analysis concludes that investors are currently rotating capital into safe-haven assets like gold to hedge against risks from what it described as aggressive U.S. foreign policy.