Coinbase, MicroStrategy, and other publicly traded firms saw sizable losses Tuesday as crypto and stock prices alike plummeted.

KEY TAKEAWAYSCryptocurrency-linked stocks are slumping Tuesday, after bitcoin dropped below $90,000 for the first time since November as investors steered clear of risk assets, including shares.Among those declining are Robinhood,

Bitcoin fell below $90,000 for the first time since November as cryptocurrencies slumped amid broader market pressure.

Bitcoin fell below $90,000 on Tuesday, sinking nearly 20% from its all-time high that was reached just a month ago during Donald Trump’s inauguration. The leading cryptocurrency, which had been rallying since Trump’s re-election in November,

Crypto markets tumble after Trump shock - Markets plunge almost 10 per cent over worries about hacks and memecoins

The cryptocurrency market faced a sharp downturn on Monday, with Bitcoin (BTC) plunging to $90,000 and leading altcoins following suit. Ethereum (ETH), XRP, and Solana (SOL) saw steep declines as investor sentiment turned bearish amid mounting concerns over global trade tensions.

Over the past five months, the crypto market saw impressive growth, with total market capitalisation surging from $2.11 trillion back in October to a peak of $3.72 trillion. This bull run was triggered by various positive developments that gave a huge boost of confidence to the crypto community.