Bitcoin crash! Cryptocurrency dives below $90,000 for first time in 7 months; $1.2 trillion wiped out in market rout

Bitcoin has fallen below $90,000, its lowest in seven months. This marks a significant drop from its October peak. The digital asset market has lost $1.2 trillion in value. Traders cite concerns over US interest rates and market uncertainty. Major crypto-linked firms have also seen their shares decline. Ether, the second-largest cryptocurrency, is also under pressure.